Question Tag: SAS 4

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  • 1 Marks

AAA – Nov 2011 – L3 – SA – Q8 – Audit of Accounting Estimates and Fair Value Measurements (IAS 36, IFRS 13)

Identifies the appropriate stock valuation method as per SAS 4 standards.

In accordance with SAS 4, which ONE of the following methods is appropriate in valuation of stock?

  • A. Latest in, first out
  • B. Base stock
  • C. Specific identification
  • D. Latest purchase price
  • E. Weighted average

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  • 1 Marks

AAA – Nov 2011 – L3 – SA – Q8 – Audit of Accounting Estimates and Fair Value Measurements (IAS 36, IFRS 13)

Identifies the appropriate stock valuation method as per SAS 4 standards.

In accordance with SAS 4, which ONE of the following methods is appropriate in valuation of stock?

  • A. Latest in, first out
  • B. Base stock
  • C. Specific identification
  • D. Latest purchase price
  • E. Weighted average

Login or create a free account to see answers

Login
Register

Find Related Questions by Tags, levels, etc.

Report an error
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You're reporting an error for "AAA – Nov 2011 – L3 – SA – Q8 – Audit of Accounting Estimates and Fair Value Measurements (IAS 36, IFRS 13)"

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