When Might Borrowing Costs Not Appear in a Statement of Comprehensive

question 47

Multiple Choice

When might borrowing costs not appear in a statement of comprehensive income?

• A) If they relate to research expenditure.
• B) If they result from a negatively geared project.
• C) If they are less than five percent of total expenses.
• D) If borrowing costs are directly attributable to the acquisition, construction or production of a qualifying asset.

---

Definitions:

Prosecution and Defense

The two opposing sides in a court case; the prosecution argues the case against the defendant, while the defense represents and argues on behalf of the defendant.

Rule 3.8

A professional conduct rule for prosecutors in the American Bar Association's Model Rules, guiding them on fair practice and the handling of evidence.

Ethical Obligation

A duty or commitment to act in a manner that is morally right or beneficial to others.

Bring Charges

Initiating legal action against someone by formally accusing them of a crime.