AASB 102 requires disclosure of which of the following? I. The carrying amount of inventories by class.
II. The accounting policy adopted by the entity in relation to inventories valuation.
III. Separate disclosure of the carrying amount of inventories carried at cost and those carried at net realisable value.
IV. Details of reversals of prior year write-downs.
A) II and III only
B) I, II and III only
C) II, III and IV only
D) I, II, III and IV

Question

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AASB 102 requires disclosure of the carrying amount of inventories by class, the accounting policy adopted for inventories valuation, separate disclosure of inventories carried at cost and those at net realisable value, and details of reversals of prior year write-downs.

AASB 102 Requires Disclosure of Which of the Following? I