The cash outflow caused by the acquisition of property, plant and equipment during the year. Which one of the following is not a non-cash investing and financing activity? 1. Conversion of bonds into equity shares II. Purchasing of land by issuing equity shares III. Repayment of short-term loan IV. Conversion of preference shares into common stock + Ill only I and II only II and IV only Il only Turbo LLC has made an exchange of assets with Autojet LLC. Turbo LLC received equipment with model no: 5M892020 and in return it gave off an equipment with model number: 45P2019 if the acquired asset cannot be valued, as an IAS student how would you show accounting treatment the asset acquired? 1. The residual value is used II. The cost of the asset given up is used III. The asset cannot be capitalized IV. The difference amount of both assets is used I or IV only Il only Ill only Il or IV only Which of the following items should be disclosed as per the requirements of IAS 2? None of them List of major customers to whom the inventories were sold during the reporting period Average lead time of procurement for major classes of inventories Average holding period of inventories of the entity as at the end of the reporting period