Which of the Following Requirements Is in Line with the Requirements

question 42

Multiple Choice

Which of the following requirements is in line with the requirements set out in IAS 28 Investments in Associates and Joint Ventures for the treatment of unrealized gains and losses on non-monetary assets contributed to jointly controlled operations?

• A) The amounts are included in deferred gains or losses.
• B) The gain or loss must be eliminated against the underlying assets as a contra account.
• C) No gain or loss can be recognized until the asset is put into use and the asset is generating revenues.
• D)The gain or loss should be recorded immediately as other comprehensive income and transferred to operating income as the non-monetary asset is put into service.

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Definitions:

Authentic Leadership

A leadership style in which the leader is genuine, transparent, and ethical, and fosters trust by being true to themselves.

Organization Creation

The process of establishing a new enterprise or entity, including the development of its structure, culture, goals, and strategies.

Critical Information

Vital data or knowledge that is essential for a system or organization to operate effectively and make informed decisions.

Leadership Model

A framework or theory that describes how leaders should act to be effective and facilitate the achievement of organizational goals.