Accounting 0452 · IGCSE · Valuation of inventory

Valuation of inventory — practice question

Why might a bakery business not show a value for stationery inventory in the statement of financial position?

  • AIt was to be used in the next few months.
  • BIt was purchased regularly and paid for in cash.
  • CIt was new and unused.
  • DIt was of very low value.

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