• Register
Search Questions / Answers

Welcome to AccountantAnswer Forum, where you can ask questions and receive answers. Although you need not be a member to ask questions or provide answers, we invite you to register an account and be a member of our community for mutual help. You can register with your email or with facebook login in few seconds

Get AccountantAnswer App


If the product or goods has only few players in the market. How do we justify the NRV when determine the value?
in IAS 2 - Inventories by

1 Answer

0 votes
Why you need to worry about other players? NRV is the estimated selling price in the ordinary course of business, less the estimated costs of completion and the estimated costs to make the sale. You should know your selling price?
by Level 5 Member (25.6k points)