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The Inventory Record of Palm Springs Ltd

Question 54

Multiple Choice

The inventory record of Palm Springs Ltd.shows 1,000 surf boards on stock that cost $50 each.During the last stock take,the accountant noted 100 old style surf boards with net realisable amount of $15.What journal entry would be required of Palm Springs to comply with AASB 102?

A) The inventory record of Palm Springs Ltd.shows 1,000 surf boards on stock that cost $50 each.During the last stock take,the accountant noted 100 old style surf boards with net realisable amount of $15.What journal entry would be required of Palm Springs to comply with AASB 102? A) B) C) D) E) E: None of the given answers.
B) The inventory record of Palm Springs Ltd.shows 1,000 surf boards on stock that cost $50 each.During the last stock take,the accountant noted 100 old style surf boards with net realisable amount of $15.What journal entry would be required of Palm Springs to comply with AASB 102? A) B) C) D) E) E: None of the given answers.
C) The inventory record of Palm Springs Ltd.shows 1,000 surf boards on stock that cost $50 each.During the last stock take,the accountant noted 100 old style surf boards with net realisable amount of $15.What journal entry would be required of Palm Springs to comply with AASB 102? A) B) C) D) E) E: None of the given answers.
D) The inventory record of Palm Springs Ltd.shows 1,000 surf boards on stock that cost $50 each.During the last stock take,the accountant noted 100 old style surf boards with net realisable amount of $15.What journal entry would be required of Palm Springs to comply with AASB 102? A) B) C) D) E) E: None of the given answers.
E) E: None of the given answers.

The Inventory Record of Palm Springs Ltd

Multiple Choice

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