The inventory of Base at 30 September 200X was valued at cost 28.5 million. This included 4.5

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The inventory of Base at 30 September 200X was valued at cost €28.5 million. This included €4.5 million of slow-moving stock that Base had been trying to sell to another retailer. The best price Base has been offered for this slow moving stock is €2 million. Identify how Base should record its inventory in its year-end accounts at 30 September 200X.
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International Financial Reporting and Analysis

ISBN: 978-1408075012

5th edition

Authors: David Alexander, Anne Britton, Ann Jorissen

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