b. MFRS 102, Inventories states that 'Inventories should be measured at the lower of cost and net realisable value. Expl

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b. MFRS 102, Inventories states that 'Inventories should be measured at the lower of cost and net realisable value. Expl

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B Mfrs 102 Inventories States That Inventories Should Be Measured At The Lower Of Cost And Net Realisable Value Expl 1
B Mfrs 102 Inventories States That Inventories Should Be Measured At The Lower Of Cost And Net Realisable Value Expl 1 (13.97 KiB) Viewed 10 times
b. MFRS 102, Inventories states that 'Inventories should be measured at the lower of cost and net realisable value. Explain three (3) situations in which net realizable value is likely to be less than cost. (12 marks)
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