When an Asset Is Shown on the Financial Statements Other

question 3

Multiple Choice

When an asset is shown on the financial statements other than at cost, which of the following is not required to be disclosed?

• A) the evidence gathered to support the valuation
• B) the year and basis of valuation
• C) whether it is an internal or independent valuation
• D) the name of the valuer

---

Definitions:

General Deviance Syndrome

A hypothetical construct suggesting that various forms of deviant behavior are interconnected and stem from common risk factors.

Life of Crime

A pattern of behavior characterized by continual involvement in illegal activities.

Negative Effects

Unfavorable or harmful outcomes resulting from an event, action, or condition, impacting individuals or wider communities.

Social Psychological

Pertaining to how individual thoughts, feelings, and behaviors are influenced by the social environment and presence of others.