Question
Pears PLC adheres to IFRS. It recently imported inventory for $100 million, paid import tax of $ 2milion, carrying in cost of $5 million and
Pears PLC adheres to IFRS. It recently imported inventory for $100 million, paid import tax of $ 2milion, carrying in cost of $5 million and spent $5 million for storage prior to selling the goods. The amount it charged to inventory expense ($ millions) was closest to:
A. $100 B. $105 C. $107 D. $115
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Internal Audit Efficiency Through Automation
Authors: David Coderre
1st Edition
0470392428, 978-0470392423
