Under International Financial Reporting Standards (IFRS),organization Costs Are Classified As

question 111

Multiple Choice

Under International Financial Reporting Standards (IFRS) ,organization costs are classified as:

• A) an expense
• B) a current asset
• C) an intangible asset
• D) property, plant and equipment

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Definitions:

Primates

An order of mammals, including humans, monkeys, and apes, characterized by large brains, forward-facing eyes, and opposable thumbs.

Arboreal

Living in the trees.

Insect Eaters

Organisms that primarily consume insects as their main source of nutrition.

Diurnal Mammals

Mammals that are primarily active during the day and rest at night.