2. Under IFRS rules, companies do not calculate a ceiling or floor when determining inventory market....
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2. Under IFRS rules, companies do not calculate a ceiling or floor when determining inventory market. The reason for this anomaly with U.S standards is IFRS rules require the use of LCNRV when valuing inventory, not LCM. IFRS rules do not apply to companies headquartered in the United States, only to those companies with headquarters outside the U.S. IFRS rules do not pertain to international companies with U.S. subsidiaries. a b. С. d. IFRS rules pertain to international companies only and have no effect on U.S. companies. 2. Under IFRS rules, companies do not calculate a ceiling or floor when determining inventory market. The reason for this anomaly with U.S standards is IFRS rules require the use of LCNRV when valuing inventory, not LCM. IFRS rules do not apply to companies headquartered in the United States, only to those companies with headquarters outside the U.S. IFRS rules do not pertain to international companies with U.S. subsidiaries. a b. С. d. IFRS rules pertain to international companies only and have no effect on U.S. companies.
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Introduction to Data Mining
ISBN: 978-0321321367
1st edition
Authors: Pang-Ning Tan, Michael Steinbach, Vipin Kumar
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