Which of the Following Statements Is Correct

question 8

Multiple Choice

Which of the following statements is correct?

• A) AASB 138 requires disclosures about an entity's intangible assets, with disclosures being made on an asset by asset basis
• B) Disclosures about the useful lives of intangibles are required with explanations being required where assets are assessed to have finite useful lives
• C) Where the cost model is used, specific disclosures are required including assumptions made on estimating fair values
• D) Separate disclosures are required for internally generated intangibles

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Definitions:

Privacy

The state or condition of being free from unauthorized intrusion or disclosure of personal information.

Big Data

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Data Set

A collection of data points or information that are usually related and collected for the purpose of analysis or making conclusions.

Pivot Table

A tool in statistical software, such as SPSS or Excel, that allows the user to easily manipulate the rows, columns, and frequencies included in cross-tabulation tables.