AASB 102 on inventories does not apply to:
A) Trees held for sale as part of forestry operations.
B) Work-in-progress under construction contracts.
C) Agricultural produce of a biological asset.
D) All of the given answers.
E) None of the given answers.

Question

Quizplus · Accepted Answer

AASB 102 does not apply to work-in-progress under construction contracts as these are covered under AASB 111 Construction Contracts.

AASB 102 on Inventories Does Not Apply To