As Per IFRS 11, Which of the Following Statements Is

question 37

Multiple Choice

As per IFRS 11, which of the following statements is true of the joint arrangement?

• A)IFRS 11 is silent about joint arrangements.
• B)In regard to joint venture accounting, IFRS 11 is quite different from U.S.GAAP.
• C)IFRS 11 does not allow revaluation of assets.
• D)A joint arrangement is either a joint operation or a joint venture.

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Definitions:

Goal Setting

The process of identifying specific, measurable, and time-targeted objectives to be achieved.

Specific, High

This term lacks context but in goal-setting theory, "specific, high" goals refer to well-defined and challenging objectives that enhance motivation and performance.

Team Goal Setting

The process of defining and agreeing on objectives within a team to focus efforts and foster unity in pursuit of common aims.

Individual Goal Setting

The process of establishing specific, measurable, achievable, relevant, and time-bound (SMART) objectives for oneself to achieve personal or professional success.