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(b) Calculate the value of the closing stocks of finished goods at the end of the three-month period, and the valueof cost of sales for the period. (
(c) Discuss the reasons why the net present value investment appraisal method is preferred to other investmentappraisal methods such as payback, retu
(ii) why the ‘fair value option’ was initially introduced and why it has caused such concern. (5 marks)
(c) Issue of bondThe club proposes to issue a 7% bond with a face value of $50 million on 1 January 2007 at a discount of 5%that will be secured on i
(b) Discuss the view that fair value is a more relevant measure to use in corporate reporting than historical cost.(12 marks)
2 Which of the following are correct?1. The balance sheet value of inventory should be as close as possible to net realisable value.2. The valuation