Which of the Following Is Required by IFRS

question 36

Multiple Choice

Which of the following is required by IFRS?

• A) Resources acquired through government grants must be recorded at cost.
• B) Resources acquired through government grants must be recorded at fair value.
• C) Resources acquired through government grants must be accounted for using the capital approach.
• D) Resources acquired through government grants must be accounted for using the income approach.

---

Definitions:

Kohlrabi

A vegetable in the cabbage family, with a bulbous stem that tastes similar to broccoli stems but sweeter. It can be eaten raw or cooked.

Adaptations

The process by which a species becomes fitted to its environment; it is the result of natural selection acting upon heritable variation.

Evolutionary Modifications

Changes in an organism's genetic makeup over time, leading to adaptations and the emergence of new species through natural selection and other evolutionary processes.

Vestigial Structures

Anatomical features or behaviors that have lost all or most of their original function in a species through evolution.