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Topic: Business
Number of pages / Number of words: 3 / 811
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Net realizable value is determined on the basis of sales for each class of inventory in the ordinary course of business. Expenses of marketing, selling and distribution to customers are estimated and deducted to establish net realizable value.

Flexibility of Accounting Policies:

As discussed above, the key accounting policies address Stockland’s key success factors...


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Expenses of marketing, selling and distribution to customers are estimated and deducted to establish net realizable value.

Flexibility of Accounting Policies:

As discussed above, the key accounting policies address Stockland’s key success factors. AASB 108 also offers firms considerable flexibility in selecting accounting techniques and estimates...


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