IAS 38 Intangibles, Requires That the Following Items in Relation

question 22

Multiple Choice

IAS 38 Intangibles, requires that the following items in relation to intangibles, each be disclosed separately:

• A) the opening balance of each intangible;
• B) the closing balance of each intangible;
• C) any impairment losses reversed in profit or loss during the period;
• D) all amounts of intangibles acquired during the period.

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Definitions:

Simple Sentences

A grammatical structure consisting of a subject and a predicate, typically expressing a complete thought.

Prohibitions

Rules or laws that forbid specific actions, substances, or behaviors.

Proper Nouns

Names used for individual people, places, organizations, or specific entities, distinguished from common nouns by being capitalized.

Infant-Directed Speech

A type of speech characterized by a higher pitch, slower rate, and exaggerated intonation patterns, used by adults when speaking to babies, facilitating language acquisition.