Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please answer all the questions immediately thankyou 21. All financial assets are initially measured at fair value plus directly attributable costs, except * (1 Point)
please answer all the questions immediately thankyou
21. All financial assets are initially measured at fair value plus directly attributable costs, except * (1 Point) Fair value through oa Investment Property Amortized Cost Fair value through profit or loss 22. The following statements are related to the disclosure of information in PFRS 6 1. Its accounting policies for exploration and evaluation expenditures but not including the recognition of exploration and evaluation assets. Il the amounts of assets, liabilities, income and expense and operating and investing cash flows arising from the exploration for and evaluation of mineral resources. (1 Point) Statement Il is correct Both statements are correct Neither of the statement is correct Statement is correct 23. Investment property is property (land or a building - or part of a building - or both) held (by the owner or by the lessee as a right-of-use asset) * (1 Point) For use in the production or supply of goods or services or for administrative purposes Any of these To earn rentals or for capital appreciation or both For sale in the ordinary course of business 24. Which an example of a nominal and contra account? (1 Point) COD Purchases Sales discount Freight in (A lowance for doubtful accounts 25. Which of the following could be not be considered as expenditures that might be included in the initial measurement of exploration and evaluation assets: * (1 Point) Acquisition of rights to explore O Trenching Development cost Sampling costStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started