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:

Acquire

To gain possession or ownership of something, often through purchase or effort.

New Words

The introduction or acquisition of words that are not previously known to an individual, often used in the context of language learning and vocabulary expansion.

Margaret And Harry Harlow

Researchers known for their studies on maternal separation and social isolation of rhesus monkeys, which demonstrated the importance of caregiving and companionship in social and cognitive development.

Attached

The emotional bond that forms between individuals, such as between parents and children or romantic partners, often studied in attachment theory.