Which Is One of the Options from Full IFRS Eliminated

question 3

Multiple Choice

Which is one of the options from full IFRS eliminated for SMEs?

• A)For inventory,measurement is driven by circumstances rather than allowing an accounting policy choice between the FIFO and Lower of Cost or Market models
• B)Various options for non-profit organization grants eliminated in favor of a single simplified model.
• C)Biological assets measured at fair value with changes taken to profit and loss only when fair value is readily determinable without undue cost or effort.Otherwise,use cost-depreciation-impairment model.
• D)Share-based payments require use future value of the compensation option

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Definitions:

Caretakers' Stress

The emotional and physical strain experienced by individuals who provide care for others, such as elderly or disabled family members.

Binge Drinking

The consumption of an excessive amount of alcohol in a short period of time, often leading to acute intoxication and poor judgment.

Problem Drinking

A pattern of alcohol consumption that negatively impacts one’s health, social relationships, or responsibilities.

Alcoholism

A chronic condition characterized by an uncontrollable urge to consume alcohol despite adverse consequences to health, social life, and personal responsibilities.