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

question 8

Multiple Choice

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

• A) 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:

Social Consequences

The effects or outcomes that arise from the social actions or behaviors of an individual or group, impacting their social standing, relationships, or environment.

Essentialism

The belief that entities have a set of attributes essential to their identity and function, often used in discussions of gender and cultural identities.

Social Constructionism

A theory in sociology and philosophy that suggests knowledge and many aspects of the world around us are not inherent but constructed through social processes and interactions.

Gender Socialization

The process by which individuals are taught and internalize societal expectations and norms related to their gender, influencing their behaviors, attitudes, and roles.