Which of the Following Statements Is Incorrect

question 46

Multiple Choice

Which of the following statements is incorrect?

• A)Intangible assets are fundamentally the same as tangible assets for recognition purposes.
• B)Financial assets such as loans and receivables are excluded from being classified as intangible assets.
• C)Separability tests whether an entity can divide an asset from other assets and transfer it to another entity.
• D)Non-physical assets cannot be recognised unless they are identifiable.

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Definitions:

Faxing

The process of sending and receiving documents via a telephone line using a device known as a fax machine.

Medical Record

A comprehensive document containing a patient's health history, including diagnoses, medications, treatment plans, and outcomes.

Nursing Kardex®

A registered trademark referring to a type of patient care record that summarizes relevant information needed for the nursing staff to form a plan of care.

Plan of Care

A comprehensive outline developed by healthcare professionals that describes a patient's diagnosis, treatment, and expected outcomes.