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under the NRV. market value defined as globally or locally?


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

asked Sep 5 in IAS 2 - Inventories by anonymous

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?
answered Sep 5 by Mysio Level 5 Member (22,620 points)


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