The Framework's Recognition Criteria Provides That 'An Asset Is Recognised

question 21

Multiple Choice

The Framework's recognition criteria provides that 'an asset is recognised in the balance sheet when it is ________ that the future economic benefits will flow to the entity and the asset has a cost or value that can be measured __________'.

• A) possible; reliably
• B) probable; accurately
• C) probable; reliably
• D) certain; accurately

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Definitions:

Systematic Desensitization

A behavioral therapy technique used to gradually reduce anxiety and fear through the use of relaxation and exposure to feared stimuli.

Shock Therapy

A form of medical treatment involving the application of electrical current to the brain, often used in psychiatry to treat severe mental disorders.

Conditioned Stimulus

A previously neutral stimulus that, after being paired repeatedly with an unconditioned stimulus, begins to trigger a conditioned response.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally triggers a response without any need for prior learning.