Which Is Not a Criteria for Recognition of Financial Information

question 25

Multiple Choice

Which is not a criteria for recognition of financial information in the IFRS Framework?

• A)The amount is reasonably measurable.
• B)The expenses should be matched with revenues.
• C)The amount must be measured at historical cost.
• D)Inflow of outflow of cash flows are probable.

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Definitions:

Slope

In mathematics, specifically in algebra and geometry, it refers to the measure of the steepness or incline of a line, represented as a ratio of the vertical change to the horizontal change between two points on the line.

Passing Through

A term often used to describe a line or curve that goes through a specific point in a graph or geometric figure.

Points

In geometry, a point refers to a precise location in space, often described with coordinates in a given dimension.

Sketch Graph

The act of drawing a rough representation of a graph to show its general shape and key points.