Which of the Following Statements Is Not in Accordance with AASB

question 33

Multiple Choice

Which of the following statements is not in accordance with AASB 6 Exploration for and Evaluation of Mineral Resources?

• A) The carried-forward expenditure is required to be subject to regular impairment testing.
• B) Exploration and evaluation assets shall be assessed for impairment when facts and circumstances suggest that the carrying amount of an exploration and evaluation asset may exceed its recoverable amount.
• C) When the carrying amount exceeds the recoverable amount, an entity shall measure, present and disclose any resulting impairment loss.
• D) An entity is not permitted to change its accounting policies for exploration and evaluation expenditures even if the change makes the financial report more relevant to the economic decision making needs of users.

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Definitions:

Emotion-Focused Coping

A coping strategy where individuals manage their emotional response to a stressor rather than confronting the problem directly.

Conscious Regulation

The intentional control and management of one's thoughts, emotions, and actions through conscious awareness.

Coping

The process of managing stressful or difficult conditions, which involves emotional, cognitive, and behavioral efforts to handle demands.

African American Girl

A female child or young person of African American descent or heritage.