21:40 2) A level 3 fair value assessment is: a) based on the transduction value of identical assets b) the first choices for valuing assets at fair value c) not allowed of biological, under an exception specified in ias 41 d) none of the above 2) if a company has a share option scheme, then: a) The entire cost is charged to the Income statement when the option is exercised by the option holder, sometime after the minimum service period has been completed b) The cost is charged to the Income statement over the minimum service period that must be completed by option holders c) The cost is never shown in the Income statement but described in the Notes from the launch of the option scheme until all option rights have been exercised or lapsed d) None of the above 2) The line item "Revaluation surplus": a) Is an intangible asset b) Can arise when the value of a PPE asset increases above its acquisition value c) Can arise when the value of an investment property increases above its acquisition valueA combination of a) and b) d) A combination of a) and c) 2) According to IAS 8, the following is not a change in accounting policy: a) Change in the method of depreciation b) Transactions that differ in substance from previous transactions c) Transactions that did not exist in the past d) All of the above are not a change in accounting policy