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Practice Exercise-Inventory A motor vehicle dealer's inventory presents the following information at the end of the accounting period: The dealer's sellers are paid a commission

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Practice Exercise-Inventory A motor vehicle dealer's inventory presents the following information at the end of the accounting period: The dealer's sellers are paid a commission when they sell the vehicle. The commission is determined as 5% of the sale price. Required: Determine the value at which each vehicle will be reported in the dealer's financial statements under IAS 2

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