Under IFRS, inventory is measured at: a) Lower of cost and net realizable value b) Cost only c) Fair value d) Replacement cost

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Under IFRS, inventory is measured at: Lower of cost and net realizable value.

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Asked 26 days ago|10/13/2025 8:06:00 AM

Updated 26 days ago|10/13/2025 8:23:03 AM

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Flora1988

Under IFRS, inventory is measured at: Lower of cost and net realizable value.

Added 26 days ago|10/13/2025 8:22:17 AM

This answer has been confirmed as correct and helpful.

mofrey

Under IFRS, inventory is measured at the lower of cost and net realizable value.

Added 26 days ago|10/13/2025 8:22:30 AM

This answer has been confirmed as correct and helpful.

alfred123

Under IFRS, inventory is measured at: Lower of cost and net realizable value.

Added 26 days ago|10/13/2025 8:22:32 AM

This answer has been confirmed as correct and helpful.

Greygrey

Under IFRS, inventory is measured at: Lower of cost and net realizable value.

Added 26 days ago|10/13/2025 8:22:35 AM

This answer has been confirmed as correct and helpful.

yumdrea

Under IFRS, inventory is measured at: Lower of cost and net realizable value.

Added 26 days ago|10/13/2025 8:22:43 AM

This answer has been confirmed as correct and helpful.

Mimaismyeverything

Under IFRS, inventory is measured at: Lower of cost and net realizable value.

Added 26 days ago|10/13/2025 8:23:03 AM

This answer has been confirmed as correct and helpful.

ROAM

Under IFRS, inventory is measured at: Lower of cost and net realizable value.

Added 26 days ago|10/13/2025 8:22:36 AM

This answer has been confirmed as correct and helpful.

Confirmed by alfred123 [10/13/2025 8:25:00 AM]

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The process of adjusting deferred tax assets and liabilities is based on: a) Temporary differences between book and tax income b) Permanent differences between book and tax income c) The fair value of assets and liabilities d) The current tax rate only

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Updated 26 days ago|10/13/2025 7:59:17 AM

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zabloninzagi

The process of adjusting deferred tax assets and liabilities is based on temporary differences between book and tax income.

Added 26 days ago|10/13/2025 7:59:17 AM

This answer has been confirmed as correct and helpful.

Under IFRS, inventory is measured at the lower of cost and: a) Net realizable value b) Replacement cost c) Market value d) Book value

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Updated 26 days ago|10/13/2025 8:00:50 AM

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ROAM

Under IFRS, inventory is measured at the lower of cost and: Net realizable value.

Added 26 days ago|10/13/2025 8:00:24 AM

This answer has been confirmed as correct and helpful.

Confirmed by alfred123 [10/13/2025 8:02:25 AM]

mofrey

Under IFRS, inventory is measured at the lower of cost and net realizable value.

Added 26 days ago|10/13/2025 8:00:29 AM

This answer has been confirmed as correct and helpful.

Greygrey

Under IFRS, inventory is measured at the lower of cost and net realizable value.

Added 26 days ago|10/13/2025 8:00:42 AM

This answer has been confirmed as correct and helpful.

Flora1988

Under IFRS, inventory is measured at the lower of cost and: Net realizable value.

Added 26 days ago|10/13/2025 8:00:50 AM

This answer has been confirmed as correct and helpful.

Which of the following is a characteristic of a capital lease under accounting standards? a) Transfer of ownership at the end of term b) The lease term is substantially less than the asset's useful life c) The lease does not meet criteria for capitalization d) The lease is for a short period

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Updated 26 days ago|10/13/2025 7:59:52 AM

4 Answers/Comments

ROAM

A capital lease is characterized by the transfer of ownership at the end of the lease term.

Added 26 days ago|10/13/2025 7:59:32 AM

This answer has been confirmed as correct and helpful.

Confirmed by alfred123 [10/13/2025 8:03:19 AM]

Flora1988

Transfer of ownership at the end of term is a characteristic of a capital lease under accounting standards.

Added 26 days ago|10/13/2025 7:59:43 AM

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mofrey

A characteristic of a capital lease is the transfer of ownership at the end of the term.

Added 26 days ago|10/13/2025 7:59:44 AM

This answer has been confirmed as correct and helpful.

Greygrey

Transfer of ownership at the end of term is a characteristic of a capital lease under accounting standards.

Added 26 days ago|10/13/2025 7:59:52 AM

This answer has been confirmed as correct and helpful.

In consolidations, non-controlling interest (NCI) is: a) The interest owned by minority shareholders in a subsidiary b) The parent company's interest in subsidiaries c) Eliminated during consolidation d) The controlling interest in a subsidiary

Weegy: In consolidations, non-controlling interest (NCI) is the interest owned by minority shareholders in a subsidiary. [ Explanation: When a company owns a controlling interest (more than 50%) in another company, it consolidates the financial statements of both entities. The portion of the subsidiary's equity not owned by the parent company is considered the NCI. This minority shareholder's portion is reported separately on the consolidated financial statements. ] (More)

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Updated 26 days ago|10/13/2025 8:02:55 AM

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yumdrea

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Added 26 days ago|10/13/2025 8:02:33 AM

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Deleted by yumdrea [10/13/2025 8:03:00 AM]

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