28. 29. Which TWO of the following are advantages of current cost accounting (CCA)? III. IV. A [ ] [ ] [ ] D[] C It produces a reliable value for total assets It is easy to calculate and understand It can be used to indicate whether the dividends paid to shareholders will reduce the operating capability of the business It provides a useful guide for management in deciding whether to hold or sell assets D Under a current cost system of accounting (CCA) what will be the value to be charged against profit for inventory sold? [ 1 1 I and II II and III III and IV I and IV ] The value to the business of the inventory The fair value of the inventory The cost of the inventory The net realisable value of the inventory