Which of the following items should be disclosed as per the requirements of IAS 2? List of major customers to whom the inventories were sold during the reporting period None of them Average holding period of inventories of the entity as at the end of the reporting period Average lead time of procurement for major classes of inventories

Which of the following items should be disclosed as per the requirements of IAS 2? List of major customers to whom the inventories were sold during the reporting period None of them Average holding period of inventories of the entity as at the end of the reporting period Average lead time of procurement for major classes of inventories

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Which of the following items should be disclosed as per the requirements of IAS 2?
List of major customers to whom the inventories were sold during the reporting period
None of them
Average holding period of inventories of the entity as at the end of the reporting period
Average lead time of procurement for major classes of inventories

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