properties bought for resale under IAS 2

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acconomics
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Joined: 02 Apr 2020, 21:45

properties bought for resale under IAS 2

Post by acconomics »

If a company buys buildings with the intention of selling them as part of its regular business operations, would those buildings typically fall under the accounting standard known as IAS 2—Inventories?
JRSB
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Re: properties bought for resale under IAS 2

Post by JRSB »

yes
acconomics
Posts: 2
Joined: 02 Apr 2020, 21:45

Re: properties bought for resale under IAS 2

Post by acconomics »

Thank you very much, I appreciate it
JRSB
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Joined: 01 Mar 2020, 01:10
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Re: properties bought for resale under IAS 2

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