Untitled Section

Net realizable value is $*$

fair value plus estimated costs to complete and make a sale.

selling price.

selling price plus estimated costs to complete and make a sale.

selling price less estimated costs to complete and make a sale

during construction period actual interest paid is $$140,000,$ avoidable interest is $$120,000,$ and interest revenue earned on specific construction borrowing $$6,000.$ What amount of interest should be capitalized

$$140,000$

$$120,000$

$$114,000$

$$134,000$

Under IFRS The definition of income includes: $*$

income

revenue

income and revenue

loss and expenses