PRC-1 · Chapter 7 · Question 31 of 100
Which of the following is NOT a disclosure requirement specified in IAS 2?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) The exact physical location of every warehouse where inventory is stored.
Explanation
IAS 2 requires disclosure of accounting policies, carrying amounts by classification, write-downs, and reversals, but does not require disclosing the physical geographic location of the inventory.
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