Which of the Following Are Excluded from the Scope of IAS

question 14

Multiple Choice

Which of the following are excluded from the scope of IAS 18?
I the initial recognition of agricultural produce
II insurance contracts within the scope of IFRS 4
III the extraction of mineral ores
IV lease agreements

• A) I, II only
• B) II, III and IV only
• C) I, III and IV only
• D) I, II, III and IV

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Definitions:

Psycho-Emotional Development

The aspect of development that involves the growth of psychological and emotional capabilities and functioning.

Social Development

The process by which individuals acquire the values, behaviors, and social skills necessary for functioning effectively in society.

Decrease in Risk-Taking Behavior

denotes a reduction in engaging in actions that involve significant risks or dangers, often seen as a positive behavioral change.

Gang Membership

Affiliation or involvement with a group that often engages in criminal activities and operates with a certain level of organization and identity.