Question: about lamborghini IAS 2 sets forth certain disclosure requirements relative to inventories that should be made in the notes to the financial statements. For each

about lamborghini

IAS 2 sets forth certain disclosure requirements relative to inventories that should be made in the notes to the financial statements. For each item below, write a brief description about: i. The accounting policies adopted in measuring inventories, including cost the costing methods (e,g FIFO or weighted average ) employed. ii. The total carrying amount of inventories (i.e. the amount at which the inventories are shown or "carried" in the entity's financial statements) iii. The total carrying amount of inventories (i.e. the amount at which the inventories are shown or "carried" in the entity's financial statements) together with an analysis into appropriate categories. iv. The amount of inventories recognized as an expense during the period. Suggested format to answer question 4 (Fit your answer into 150- 200 wards) (i) (ii) (iii) (iv)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!