Collections Are Works of Art That Have Been Excluded from the Definition

question 20

Multiple Choice

Collections are works of art that have been excluded from the definition of capital assets. Which of the following statements is NOT a criterion which must be met before works of art qualify as collections under Canadian accounting standards?

• A) It must be possible to establish a useful life for the works and an appropriate amortization period.
• B) They are held for public exhibition, education, or research.
• C) They are protected, cared for, and preserved.
• D) They are subject to organizational policies that require any proceeds from their sale to be used to acquire other items for the collection, or for the direct care of the existing collection.

Understand the necessity of intrapersonal skills in interpreting feelings, attitudes, and values.

Recognize that critical thinking in nursing needs to be cultivated, organized, and conscientious.

Know significant contributors to the field of critical thinking and their definitions.

Understand the similarities between various types of reasoning and their application in nursing.