According to IAS 2 material information relating to which of the following must be disclosed?
A)the carrying amount of closing inventories included in equity accounted profits
B)the carrying amount of inventories classified as non-current assets
C)the aggregate amount of inventory recorded at recoverable amount
D)the carrying amount of inventories revalued upwards as at the end of the period

Question

Quizplus · Accepted Answer

IAS 2 requires disclosure of the carrying amount of inventories classified as non-current assets, as it provides relevant information about the nature and classification of inventory holdings.

According to IAS 2 Material Information Relating to Which of the Following