As Defined by IAS 38, How Are Intangible Assets Unlike

question 35

Multiple Choice

As defined by IAS 38, how are intangible assets unlike other assets?

• A) They must have arisen from past events.
• B) Their value cannot be reasonably measured.
• C) They must be controlled by enterprises.
• D) They are nonmonetary and lack physical substance.

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Definitions:

Continuous Learning

The ongoing pursuit of knowledge and skills to improve one's competencies, adapt to changes, and foster personal and professional growth.

Strategic Thinking

The process of analyzing critical factors and variables that will affect the long-term success of a business, policy, or project and setting long-term goals.

Corporate Secretary

An executive officer responsible for overseeing administrative functions and ensuring compliance with statutory and regulatory requirements.

Corporate Clerk

A corporate officer responsible for maintaining the records and administrating the daily operations of a corporation.