Question
1- inventory is reported in the financial statements at: a) lower of cost of market value b) market value c) higher cost or market value
1- inventory is reported in the financial statements at:
a) lower of cost of market value
b) market value
c) higher cost or market value
d) cost
2- IASB does recommend the choice of the fair value method
a)true
b)false
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Auditing A Practical Approach
Authors: Fiona Campbell, Robyn Moroney, Jane Hamilton, Valerie Warren
2nd Canadian edition
9781118377901, 1118377907, 1119048095, 978-1118849415
