In Accordance with IASB Conceptual Framework Which of the Following

question 30

Multiple Choice

In accordance with IASB Conceptual Framework which of the following accounts are expenses?

• A) dividends paid
• B) provision for warranties
• C) entity dumps pollutants in a river adjacent to its factory
• D) None of the given answers are correct.

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Definitions:

March To The Sea

A strategic military campaign during the American Civil War where Union General William Tecumseh Sherman led forces from Atlanta to Savannah, Georgia, destroying military targets as well as civilian property to cripple the Confederate war effort.

Georgia

A state in the Southeastern region of the United States or alternatively, a country located at the intersection of Europe and Asia.

Economic Impact

The effect that an event, policy, or market trend has on economic factors such as GDP, employment, and inflation.

Civil War

A war between citizens of the same country, often resulting from disputes over governance, territory, or other internal issues.