If a Corporation Adhering to IFRS Sells Machinery at Fair

question 30

Multiple Choice

If a corporation adhering to IFRS sells machinery at fair value and then leases it back (sale-leaseback) as a finance lease, any gain on the sale should be

• A) recognized in the year of "sale."
• B) recorded as other comprehensive income.
• C) deferred and amortized to income over the term of the lease.
• D) deferred and recognized as income at the end of the lease.

Understand the purposes and types of Gothic sculpture.

Recognize the significance of specific cathedrals and their unique features.

Understand the terminology related to Gothic architecture and sculpture.

Identify the materials and techniques used in Gothic artworks.