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Topic
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Could current cost financial statements report holding gains for goods sold during the period and holding gains on inventory at the end of the period?
Good Sold Inventory
a. No Yes
b. Yes No
c. No No
d. Yes Yes
The answer is “d”. I do not understand the meaning of holding gain for goods sold? Is it means the gain from changing price between the beginning of the year and the time the good been sold? Otherwise, it already been sold, why has holding gain?
AUD-74,75 11/2014
REG-80 04/2015
FAR-74, 91 11/2015
BEC-79 08/2015
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