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Which of the following statements represents the primary focal point of the guidance in PAS 2? It prescribes the criteria an entity must follow when

Which of the following statements represents the primary focal point of the guidance in PAS 2?

It prescribes the criteria an entity must follow when allocating inventory costs to operating divisions under divestiture.

It prescribes how an entity must account for inventories in its financial statements.

It prescribes the criteria an entity must follow when recording inventories acquired in a business combination.

It prescribes the accounting treatment an entity must follow when acquiring inventories via derivative instruments.

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