Under ASPE, Agricultural Produce, Forest Products, and Mineral Products Inventories

Multiple Choice

Under ASPE, agricultural produce, forest products, and mineral products inventories may be accounted for at net realizable value if

A) there is a well-established industry practice of doing so.
B) arbitrary cost allocation would be too costly.
C) costs to bring them to market are expected to be minimal.
D) the company's financial results appear more favourable by doing so.