Which of the following is NOT a required inventory disclosure under ASPE?
A) any portion of foreign exchange gain/loss specifically attributable to inventory items
B) choice of accounting policies adopted to measure the inventory
C) carrying amount of inventory pledged as collateral for liabilities
D) amount of inventory recognized as an expense in the period

Question

Quizplus · Accepted Answer

ASPE does not require disclosure of any portion of foreign exchange gain/loss specifically attributable to inventory items. The other options are all required inventory disclosures under ASPE.

Which of the Following Is NOT a Required Inventory Disclosure