Which of the Following Is Not a Characteristic of an Asset,according

question 16

Multiple Choice

Which of the following is not a characteristic of an asset,according to the IASB Conceptual Framework?

• A) There is an expected future economic benefit.
• B) The entity must have ownership over the resource giving rise to the future economic benefits.
• C) The transaction or event giving rise to the ownership over future economic benefits must have occurred.
• D) The reporting entity must have control over the resource to benefit from it, or to deny or regulate the access of others to the benefit.

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Definitions:

Human Chorionic Gonadotropin

A hormone produced during pregnancy by the placenta, often measured in pregnancy tests.

Assistive Reproductive Technology

A range of medical techniques used to aid in the conception of a child, including in vitro fertilization (IVF), artificial insemination, and egg or sperm donation.

Fecundability

The probability of achieving a pregnancy within one menstrual cycle, often considered as a measure of fertility.

In Vitro Fertilization

A medical procedure whereby an egg is fertilized by sperm outside the body, with the resulting embryo transferred to the uterus for pregnancy.