AASB 138 Intangibles, Defines the 'Research' Phase of the Generation

question 2

Multiple Choice

AASB 138 Intangibles, defines the 'research' phase of the generation of an asset as:

• A) the use of research findings to create a substantially improved product.
• B) using knowledge to materially improve a manufacturing device.
• C) the application of knowledge to a design for new production processes.
• D) original and planned investigation undertaken with the prospect of gaining new scientific or technical knowledge or understanding.

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Definitions:

Equal Protection Test

A judicial scrutiny applied to ensure laws do not discriminate against groups or individuals unfairly.

Constitutional Doctrine

A principle or fundamental rule established within constitutional law, guiding the interpretation and application of the constitution.

Prior Restraint

A government action that prohibits speech or other expression before it can take place, often seen as a violation of free speech rights.

Obscene Material

Content deemed by legal standards to be offensive, lacking serious literary, artistic, political, or scientific value, and inappropriate for general distribution.