Accounting Quiz Bowl

Which of the following standards corresponds to inventories?

• PAS 12

• PAS 7

• PAS 8

• PAS 2

Which of the following costs is excluded from the cost of inventories?

• Import Duties

• Direct Labor

• Administrative overhead

• Allocated production overhead

• Prospectively

• Retrospectively

• Either prospectively or retrospectively

• Neither prospectively nor retrospectively

• Prospective application

• Prospective restatement

• Retrospective application

• Retrospective restatement

• Prospective application

• Prospective restatement

• Retrospective application

• Retrospective restatement

• Change in accounting estimate

• Accounting policy

• Accounting standard

• Accounting judgment

• Change in accounting estimate

• Accounting Policy

• Accounting standard

• Accounting judgment

• A

• B

• C

• D

• Investing

• Liquidating

• Financing

• Operating