When an Entity Classifies a Non-Current Asset as "Held for Sale

question 19

Multiple Choice

When an entity classifies a non-current asset as "held for sale":

• A)the entity no-longer expects to recover its carrying amount through its use.
• B)they are no longer of use to the entity and must be abandoned
• C)always comprise part of a discontinued operation.
• D)they continue to be depreciable assets

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Definitions:

CEO

Chief Executive Officer; the highest-ranking executive in a company, responsible for overall management and decision-making.

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A Brazilian economist and former CEO of Petrobras, Brazil's national petroleum company.

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