AASB 102 requires separate disclosure of:
A) where there has been abnormal wastage which has been expensed.
B) details of inventories pledged as security for loans.
C) interest costs which have been capitalised into the cost of inventories.
D) details of key terms of purchase.

Question

Quizplus · Accepted Answer

AASB 102 requires entities to disclose information about inventories pledged as security for liabilities, as it is relevant for assessing the financial position of the entity.

AASB 102 Requires Separate Disclosure Of