Which Statement Is Not Correct

question 70

Multiple Choice

Which statement is not correct?

• A)In accounting for mineral resources, IFRS 6 applies for the exploration and evaluation phase.
• B)In accounting for mineral resources, IAS 38 applies for the development phase.
• C)A mineral site entering the development phase would normally satisfy the six criteria required for capitalization.
• D)In accounting for mineral resources, IAS 38 is not applicable for any phase.

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Definitions:

Electrical Impulse

A sudden surge of energy in one direction, particularly in the context of neurons firing and transmitting information in the body.

Axon

A long, slender projection of a neuron that typically conducts electrical impulses away from the neuron's cell body.

Firing

In the context of neural activity, it refers to the action of a neuron when it sends an electrical signal down its axon to communicate with other neurons.

Action Potential

A rapid, temporary change in a cell's electrical charge that facilitates the transmission of signals in neurons.