Which of the Following Are Excluded from the Scope of AASB

question 18

Multiple Choice

Which of the following are excluded from the scope of AASB 15/IFRS 15?
I. Financial instruments within the scope of AASB 9/IFRS 9.
II. Insurance contracts within the scope of AASB 4/IFRS 4.
III. Arrangements between oil companies that agree to exchange oil to meet demands of customers in different locations.
IV. Lease agreements within the scope of AASB 16/IFRS 16.

• A) I, II only.
• B) II, III and IV only.
• C) I, III and IV only.
• D) I, II, III and IV.

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