Question
1)Projections of future cash flows to calculate value in use must be based on the most recent financial budgets, covering a period :do not pass
1)Projections of future cash flows to calculate value in use must be based on the most recent financial budgets, covering a period :do not pass
a)20 years b)5 years c) determined by the establishment d)10 years
2)In International Accounting Standard No. (2) on inventories,
a)The goods are shown at the cost price or the market price, whichever is lower b)The cost of the goods includes the cost of purchase, the cost of conversion and other costs related to preparing the goods for their current condition, including Foreign currency differences c)The deduction of the merchandise value over the net realizable value is recognized as an expense
d)The cost is determined by the first in first out method or the last in first out method or on the weighted average basis
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started