hello, please choose the right answer ASAP (only one is correct)

A company Alfa is construction company. The Alfa paid a dividend to its owners. The amount of dividends declared and paid to owners is usually visible in:

none of given

b.statement of changes in equity

c.income statement

d.statement of comprehensive income

Which of following elements should not be included in initial value of an item of property, plant and equipment under IFRS.

none of given (all items stated are included in initial value of PPE)

b.purchase price

c.cost of assembly

d.cost of transport of item to entity

A company Alfa uses IFRS. This entity is a shipyard (constructing and selling motorboats and yachts). Most of motorboats and yachts produced by the company are sold during special fairs. The construction of a yacht takes about 20 months, while the construction of the motorboat is much shorter (it takes about 5 months).

In September 2020 the company started construction of 3 new yachts. Till the end of 2020 the company incurred 5 m PLN of costs relating to the production. It is expected that the construction of all yachts will end at the beginning of 2022 and the company will get profit on the sale.

Where should the company present the amount of 5 m in its balance sheet as at 31.12.2020:

nvestments of current assets

b.investments in non-current assets

c.inventories in current assets

d.none of given items is correct

e.inventories in non-current assets

A company Alfa uses IFRS. The company presents two main financial statements relating to the performance:

- income statement (IS) and

- statement of comprehensive income (SoCI).

Which of given elements is not included in IS, but it is presented in SoCI.

none of given (e.g. all elements stated are included in IS)

b.salaries on management

c.revaluation of property investment (unded fair value model)

d.revenue on sale of products

A company Alfa uses IFRS. In this company revenue is recognised when:

none of other answers is correct

b.a company sells unnecessary software (used as intangible assets)

c.a company sells services

d.a company sells financial investment

e.all answers are correct (except for "none of other ....")