Which of the Following Is Correct with Respect to the Accounting

question 75

Multiple Choice

Which of the following is correct with respect to the accounting for "investment properties"?

• A)Under IFRS, fair values must be disclosed if the cost model is used.
• B)Under ASPE, fair values must be disclosed if the cost model is used.
• C)Under IFRS, either the revaluation or fair value model may be used.
• D)Under ASPE, either the revaluation or fair value model may be used.

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Definitions:

Mediation

is a form of alternative dispute resolution where a neutral third party helps disputing parties to reach a mutually acceptable agreement.

Breach of Contract

A legal violation occurring when one or more parties fail to fulfill the obligations set forth in a contract.

Mediation

A confidential and voluntary process in which a neutral third-party facilitator helps disputing parties to reach a mutually acceptable agreement.

E-commerce Disputes

Conflicts or disagreements arising from the buying and selling of goods and services over the internet.