8. Which TWO of the following are advantages of current cost accounting (CCA)? 1. It produces a reliable value for total assets II. It is easy to calculate and understand III. It can be used to indicate whether the dividends paid to shareholders will reduce the operating capability of the business IV. It provides a useful guide for management in deciding whether to hold or sell assets ABCD[[[[]]]]IandIIIIandIIIIIIandIVIandIV 7. Which of the following reflects due process for the issue of a new International Financial Reporting Standard (IFRS)? A I ] Discussion paper, Exposure draft, feedback, IFRS B I I White paper, feedback, Discussion paper, feedback, Exposure draft feedback, IFRS C [ ] Discussion paper, feedback, Exposure draft, feedback, IFRS D [ ] Exposure draft, feedback, second Exposure draft, IFRS