Which of the Following Statements Is Correct? the Expense (Costs

question 9

Multiple Choice

Which of the following statements is correct? The expense (costs written-off) method of accounting for exploration and evaluation costs in the extractive industries:

• A) is inconsistent with the framework of accounting
• B) is likely to be accepted for income tax purposes
• C) is simple and conservative
• D) all of the above are correct

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