Under IFRS,which of the Following Is Not a Criteria for Recognizing

question 121

Multiple Choice

Under IFRS,which of the following is not a criteria for recognizing items in the financial statements?

• A)The item is reliable.
• B)The item is relevant.
• C)The item meets the definition of an element.
• D)Economic benefits or costs from the item are probable.

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Definitions:

Peak Experiences

Moments of maximum psychological functioning, where individuals feel a sense of euphoria and deep fulfillment.

Humanist Movement

A philosophical and ethical stance that emphasizes the value and agency of human beings, individually and collectively.

Carl Rogers

An influential American psychologist who founded the humanistic approach to psychology, emphasizing the importance of the self and the individual's potential for growth.

Psychology

The discipline concerned with behavior and mental processes and how they are affected by an organism’s physical state, mental state, and external environment; the term is often represented by Ψ, the Greek letter psi (usually pronounced “sy”).