statement of finncia c) Insurence d) Hone of thhe shove ) If there is an indicat
ID: 2330416 • Letter: S
Question
statement of finncia c) Insurence d) Hone of thhe shove ) If there is an indication f i b) Anmually c) Evey five yeers In statement of cash generally be classified as cash infows from s) Operating activities b) Financing sctivities c) Investing activities d) Selling sctivities 35-Which tem listed below does not qualify s an intangble n) Computer software b) Registered patent c) Copyrights that are protected d) Notebook computer 36-The accounting concept that is principaily used to classity leases into opernating und fimance s a) Substance over form b) Prudence c) Neutrality d) Completeness 37- Which of the following accounting methods must be applied to all business combinations under IFRS 3,Business Combinations? a) Pooling of interest method b) Equity method c) d) Proportionate consolidation Purchase method Aowns sofvotinginterestsinZar downsconvertible debt issued by such that, if A chose to conven no-.t 38 would have a 60% voting interest in Z. How should A account for its investment in 27 a) Consolidate b) Equity method c) Whatever policy A has adopted for its other associates d) Investment held at fair value 39- Which of the following information is not specifically a required disclosure of IAS (Presventation of Financial a) Name of the reporting entity or other means of identification, and any change in the information from the previous year b) Names of major/significant shareholders of the entity Statements)? Level of rounding used in presenting the financial statements c) d) Whether the financial statements cover the individual entity or a group of entitiesExplanation / Answer
Answer 33- Correct Choice - A) If there is indication of impairment in goodwill then the same will be tested
Answer 34 - Correct Choice C) Investing Activites, All Sale & Purchase related to fixed assets are classifed as Investing activites
Answer 35 - Correct Choice D) Notebook Computer Intangible Assets is an asset that is not physical in nature
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.