Which of the Following Is Not Included in the Cost

question 44

Multiple Choice

Which of the following is not included in the cost of inventory as defined by IAS 2/AASB 102?

• A) Cost of purchase.
• B) Import duties.
• C) GST.
• D) Costs incurred in bringing the inventory to its present location and condition.

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Definitions:

Needs-Hierarchy

A theory in psychology proposed by Abraham Maslow, suggesting that people are motivated by five basic categories of needs: physiological, safety, love, esteem, and self-actualization, in that order.

21st Century

The period extending from January 1, 2001, to December 31, 2100, characterized by rapid advancements in technology, globalization, and changing social norms.

Maslow

Refers to Abraham Maslow, a psychologist known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.

Drivers

Key factors or elements that contribute to the progression or success of something.