Question
Which statement is NOT correct? A. IFRS 6 applies when the mineral resources enter the development phase. B. Significant uncertainties exist during mineral exploration. C.
Which statement is NOT correct?
A. IFRS 6 applies when the mineral resources enter the development phase.
B. Significant uncertainties exist during mineral exploration.
C. Under IFRS, all costs must be expensed if a mineral site is not worthy of further exploration.
D. Entities can choose to either capitalize or expense mineral exploration costs.
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International Accounting
Authors: Timothy Doupnik, Hector Perera
3rd Edition
978-0078110955, 0078110955
