Construction contracts (IAS 11)

Financial instruments (IAS 32)

Biological assets (IAS 41)

All of the above

Fair value

Lower of cost and net realizable value

Market value

Book value

Purchase costs and conversion costs

Purchase costs, net of trade volume rebates, conversion costs, other costs to bring inventory to its present condition and location and selling costs

Purchase costs, net of trade volume rebates, conversion costs and other costs to bring inventory to its present condition and location

Purchase costs, conversion costs, other costs to bring inventory to its present condition and location and storage costs

Accounting policies in measuring inventories, including cost formula

Carrying amount of inventories pledged as security for liabilities

Amount of inventories recognised as an expense

Physical count of items in inventory

Estimated selling price in the ordinary course of business, less the estimated costs of completion and the estimated costs to make the sale

Estimated selling price in the ordinary course of business

Estimated selling price in the ordinary course of business, less the estimated costs of completion

Estimated selling price in the ordinary course of business, less the estimated costs to make the sale

Assets held for sale in the ordinary course of business

Assets held in the process for production for such sale

Assets in the form of materials or supplies to be consumed in the production process or rendering of services

All of the above

True

False