Anyone know anything going on for a surplus of cement surrounded by Nigeria surrounded by the 70s?
When I was contained by Ghana in 1980, the local currency, the Cedi, be not used much. The hardest currency be the bag of cement!I be told that a contract in Nigeria to extend an airport have resulted in far too much cement individual ordered. Someone had put too masses zeros on the directive, and ships were queue up to deliver the stuff. As a result, it started to be used as currency throughout West Africa.
Is there any truth astern this story?
Answers: http://www.concrete.org.uk/downloads/con...
This organisation has a special library adjectives about concrete/cement - the librarian is a guy call Edwin Trout.
I worked for an air freight forwarding company surrounded by the late 70s and it be a standing joke that we be all waiting for the first nouns freighter load of cement for Nigeria. I did not see the boats queue up in the yachting marina but rumour had it that Greek shipping magnate had sent every rusty tub within their respective fleets loaded down with cement to rust away contained by the harbour outside Lagos, Nigeria and I could as a result believe that a bag of cement could enjoy had a efficacy although on the one visit I made to Lagos, Nigeria we used article currency and had to settle out loads in "dash" (bribes) to attain anywhere..
What is net reasilable value?
Answers: sorry dont understand question can you add detail please
NRV is the estimated selling price in the ordinary course of business, less the estimated cost of completion and the estimated costs necessary to make the sale. [IAS 2.6] Any write-down to NRV should be recognised as an expense in the period in which the write-down occurs. Any reversal should be recognised in the income statement in the period in which the reversal occurs. [IAS 2.34]
What does SSAP9 give guidance on?
Answers: hopefully this will answer that question www.hmrc.gov.uk/manuals/bimmanual/bim741...
SSAP 9 is on Stocks and Long term contracts, but I don't see why you're taking guidance from SSAPs when there are IASs in force. UK is part of the EU and has converged with everyone else in using IAS and IFRS.