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  3. Study Set
    Australian Financial Accounting Study Set 1
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    Exam 24: Events Occurring After Balance Sheet Date
  5. Question
    Inventories Reported at Lower of Cost or Realisable Amount That
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Inventories Reported at Lower of Cost or Realisable Amount That

Question 26

Question 26

True/False

Inventories reported at lower of cost or realisable amount that is found to be unsaleable after the reporting period should be treated as a non-adjusting event.

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