Which Standard Does Not Need to Be Considered When Considering

question 56

Multiple Choice

Which standard does not need to be considered when considering the disclosure and presentation of non-current liabilities?

• A)IAS 1,Presentation of Financial Statements
• B)IAS 36,Impairment
• C)IFRS 7,Financial Instruments: Disclosures
• D)IAS 39,Financial Instruments: Recognition and Measurement

Discern the difference between rational and irrational behavior in the context of economics.

Comprehend the importance of weighing marginal benefits against marginal costs.

Understand the principle of utility and how it motivates consumer behavior.

Acknowledge the scientific method as a process of inquiry in economics.

---

Definitions:

Price

The amount of something—money, time, or effort—that a buyer exchanges with a seller to obtain a product.

Expenses

Costs incurred in the running of a business or the completing of an activity.

Licensing

An agreement where a company allows another entity to produce its goods in exchange for a designated fee.

International Market

A market that encompasses the trading of goods, services, technology, capital, and/or knowledge across national borders.