Which of the Following Is Not Within the Scope of IAS

question 21

Multiple Choice

Which of the following is not within the scope of IAS 37?

• A) The treatment of future operating losses
• B) The treatment of contingent assets
• C) The treatment of restructuring provisions arising from a business combination
• D) The treatment of onerous contracts

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Definitions:

Nephron

Functional unit of the kidney, consisting of the renal corpuscle, the proximal convoluted tubule, the loop of Henle, and the distal convoluted tubule.

Interstitial Fluid

The fluid that surrounds the cells in tissues, providing nutrients and removing waste.

Plasma

Fluid portion of blood.

Protein

Macromolecule consisting of long sequences of amino acids linked together by peptide bonds.