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    Business
  3. Study Set
    Australian Financial Accounting
  4. Exam
    Exam 7: Inventory
  5. Question
    AASB 102 Provides That Inventories Must Be Valued at the Lower
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AASB 102 Provides That Inventories Must Be Valued at the Lower

Question 11

Question 11

True/False

AASB 102 provides that inventories must be valued at the lower of cost and net realisable value for groups of homogeneous items where it is impracticable to measure them on an item-by-item basis.

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