Which of the following is NOT one of the recognition criteria contained within AASB 141/IAS 41 in relation to recognition of a biological asset or agricultural produce as an asset?
A) The asset has physical form.
B) The entity controls the asset as a result of past events.
C) It is probable that future economic benefits associated with the asset will flow to the entity.
D) The fair value or cost can be reliably measured.
Correct Answer:
Verified
Q3: AASB 141/IAS 41 requires that biological assets
Q4: Which of the following is NOT considered
Q5: Which of the following is NOT a
Q6: Agricultural produce is defined in AASB 141/IAS
Q7: AASB 141/IAS 41 requires disclosure of which
Q9: Which of the following is NOT considered
Q10: Milko owns dairy cattle. The market value
Q11: Which of the following is NOT a
Q12: At 30 June 2013 the fair value
Q13: Which standard was issued in 2011 that
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