Which Statement Is Correct

question 50

Multiple Choice

Which statement is correct?

• A)Costs can continue to be capitalized in the post development phase.
• B)The project must meet IAS 38 criteria before development costs can be capitalized.
• C)The development phase includes generating new ideas or searching for new materials.
• D)The research phase includes designing, constructing or testing a prototype.

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Definitions:

Sophisticated Tools

High-complexity instruments or devices designed to perform specific tasks efficiently, indicative of advanced technological or intellectual development.

Multiregional Hypothesis

A theory regarding human evolution that suggests modern humans evolved from earlier hominid populations in various regions simultaneously, rather than from a single origin point.

Anatomically Modern Humans

Homo sapiens characterized by skeletal features that are similar to those of humans living today.

Recent African Origins Hypothesis

An evolutionary theory suggesting that modern humans evolved in Africa relatively recently and share a common ancestry.