Answer:
Product 1 - $36
Product 2 - $ 96
Product 3 - $66
Explanation:
The accounting standard for Inventory under IFRS IAS 2 requires that inventory be recognized at cost which includes all the cost incurred to bring the item of inventory to a state or place where the item of inventory becomes available for sale.
These costs includes cost of purchase, freight, Insurance cost during transit etc.
Subsequently, inventory is to be carried at the lower of cost or net realizable value.
The NRV is the Selling price less the cost to sell.
Given
Product 1 Product 2 Product 3
Cost $36 $ 106 $ 66
Selling price $ 88 $ 168 $ 118
Costs to sell $ 9 $ 72 $ 26
NRV $ 79 $ 96 $ 92
The choices can be found elsewhere and as follows:
<span>A. a market system
B. a planned system
C. a mixed system
D. none of the above
I think the correct answer is option B. </span>Cecelia's government can be considered a planned system. It <span>is an economic </span>system<span> in which inputs are based on direct allocation. Hope this answers the question. Have a nice day.</span>
Home raids, Car searches, Phone searches. Anything that the government or the authorities do not have a warrent to look through, they cannot lawfully look through it.
The Employee Retirement Income Security Act of 1974 (ERISA) ensures that employees would be able to receive at least some pension benefits at the time of termination. ERISA is a federal law which establishes minimum standards for retirement (pension plans), health, and other welfare benefit plans, including life insurance.
