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    A Storage Costs of Part-Finished Goods B Trade Discounts C Recoverable Purchase Taxes D Administrative Costs

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    Sheena DeLeon
    This document discusses factors that should be considered when determining inventory costs according to IAS2 Inventories. Storage costs for part-finished goods and trade discounts should be accounted for in the cost of inventories per the standard.

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    A Storage Costs of Part-Finished Goods B Trade Discounts C Recoverable Purchase Taxes D Administrative Costs

    Uploaded by

    Sheena DeLeon
    8 views1 page
    This document discusses factors that should be considered when determining inventory costs according to IAS2 Inventories. Storage costs for part-finished goods and trade discounts should be accounted for in the cost of inventories per the standard.

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    This document discusses factors that should be considered when determining inventory costs according to IAS2 Inventories. Storage costs for part-finished goods and trade discounts should be accounted for in the cost of inventories per the standard.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    8 views1 page

    A Storage Costs of Part-Finished Goods B Trade Discounts C Recoverable Purchase Taxes D Administrative Costs

    Uploaded by

    Sheena DeLeon
    This document discusses factors that should be considered when determining inventory costs according to IAS2 Inventories. Storage costs for part-finished goods and trade discounts should be accounted for in the cost of inventories per the standard.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    1.

    Which TWO of the following should be taken into account when determining the cost of
    inventories per IAS2 Inventories?
    A Storage costs of part-finished goods
    B Trade discounts
    C Recoverable purchase taxes
    D Administrative costs
    Question 1 - A & B
    The correct answers

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