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    Intermediate Accounting IFRS Study Set 1
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    Exam 8: Valuation of Inventories: a Cost-Basis Approach
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    Abnormal Freight Costs Are Not Included on the Statement of Financial
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Abnormal Freight Costs Are Not Included on the Statement of Financial

Question 37

Question 37

True/False

Abnormal freight costs are not included on the statement of financial position as part of the cost of inventory.

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