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

Question

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

Quizplus · Accepted Answer

AASB 102 requires disclosure of all the listed items: reversals of prior year write-downs, separate disclosure of inventories at cost and net realisable value, the accounting policy for inventory valuation, and the carrying amount of inventory by class.

AASB 102 Requires Disclosure of the Following: I \quad Details of Reversals of Prior Year Write-Downs II

AASB 102 Requires Disclosure of the Following:
I $\quad$ Details of Reversals of Prior Year Write-Downs
II