Which of the Following Is Not Recognised as an Expense

question 6

Multiple Choice

Which of the following is not recognised as an expense in accordance with AASB 102:

• A) Cost of goods sold
• B) Write-downs of inventories to net realisable value
• C) Reversal of write downs to net realisable value
• D) Inventories items used by an entity as components in self-constructed property, plant or equipment

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Definitions:

Predecessor-successor Relationships

In project management, these relationships define the sequential order of tasks, where one task must be completed before the next one can start.

Forward Pass

A technique used in project management that involves calculating the earliest start and finish times for each task in a project schedule.

Crashing

An approach in project management to shorten the project schedule by adding resources to critical tasks.

Negative Float

The amount of time that must be saved in order to complete a project on schedule, indicating a project is behind its planned timeline.