Single choice 6) Which of the following are not conditions that must be met to allow the capitalization of development costs under IFRS? 1. Technically feasible 2. Expenditure can be measured 3. The intention exists to complete and then sell or use O Conditions 1 and 2 need not be met O Conditions 1 and 3 need not be met O Conditions 2 and 3 need not be met O None of the conditions need to be met Single choice 7) The sale proceeds arising form the disposal of a non-current asset are classified as what type of cash flow? O Operating O Financing cash flows O Investing cash flows O Cash equivalents Single choice 8) Which of the following is not a typical characteristic of a supermarket business? O High trade payables O High current ratio O Low trade receivables O Low working capital