a) Briefly explain the criteria that have to be met for inventory to be recorded...
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Accounting
a) Briefly explain the criteria that have to be met for inventory to be recorded at an amount greater than cost. b)Briefly explain the accounting for the following inventory items under ASPE: 1) Sheep 2) Wool 3) Carpet. c) Briefly explain the accounting for the items in part (b) under IFRS. d) Briefly explain the treatment of a bearer plant under IFRS
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