Which of the Following Is Excluded from the Scope of IAS

question 19

Multiple Choice

Which of the following is excluded from the scope of IAS 39?

• A) a lease renewal option within a lease agreement.
• B) a contract for contingent consideration receivable in a business combination covered by IFRS 3
• C) an investment in a controlled entity accounted for at cost in the investor's separate consolidated financial statements.
• D) Loan commitments that cannot be settled in cash or another financial instrument.

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Definitions:

Accountability

The obligation of an individual or organization to account for its activities, accept responsibility for them, and to disclose the results in a transparent manner.

Unlicensed Assistive Personnel

Workers in healthcare settings who provide basic care services under the supervision of a licensed professional without having a professional license themselves.

Vital Signs

The measurements of the body's most basic functions, including temperature, pulse, respiration, and blood pressure.

Interprofessional Collaboration

A cooperative approach to patient care by professionals from various disciplines who share their knowledge and skills to provide a comprehensive service.