When Eliminating Any Unrealised Profit Arising When a Joint Operator

question 20

Multiple Choice

When eliminating any unrealised profit arising when a joint operator provides services to a joint operation,the profit is eliminated against:

• A)the investment in the joint operation.
• B)fee revenue.
• C)work in progress,finished goods and other inventory related accounts.
• D)cash in JO.

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Definitions:

Absolute Sensory Threshold

The minimum intensity of a stimulus that is required for a person to detect its presence 50% of the time.

Audition

The process of hearing or the ability to perceive sound by detecting vibrations via an organ such as the ear.

Rods

Photoreceptor cells in the retina of the eye that are highly sensitive to light and enable vision in low-light conditions.

Primary Qualities

In philosophy, qualities that are inherent to an object and can be objectively measured, such as shape, size, and motion.