In the context of AASB 6/IFRS 6, E&E stands for:
A) evaluation and extraction.
B) exploration and evaluation.
C) extraction and exploration.
D) exploration and expenditure.

Question

Quizplus · Accepted Answer

E&E stands for exploration and evaluation, which refers to the search for mineral resources and the determination of their commercial viability. AASB 6/IFRS 6 deals with accounting for the costs associated with exploration and evaluation activities.

In the Context of AASB 6/IFRS 6, E&E Stands For