If an Asset Is to Be Classified as Held for Sale

question 29

Multiple Choice

If an asset is to be classified as held for sale, which of the following conditions does NOT apply?

• A) The sale has been authorized by the company's management.
• B) Changes to the sale plan are likely.
• C) It is probable that the asset will be sold within one year.
• D) There is an active program to find a buyer.

---

Definitions:

Brain Damage

Physical injury to the brain that impairs its functions, possibly permanently or temporarily, affecting cognition, physical abilities, or emotion.

Cognitive Processes

Mental activities involved in the acquisition, storage, retrieval, and use of knowledge.

Divided Attention

The ways a cognitive processor allocates cognitive resources to two or more tasks that are carried out simultaneously.

Modalities

Different ways or modes through which something can be done or perceived, such as the sensory modalities (sight, sound, touch, etc.).