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- IFRS 5 – Non-current Assets Held for Sale and Discontinued Operations 0%
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Question 1 of 10
1. Question
Which of the following is not a requirement of IFRS 5?
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Question 2 of 10
2. Question
The classification and presentation requirements of IFRS 5 apply to all recognised non-current assets and to all disposal groups of an entity.
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Question 3 of 10
3. Question
Assets classified as __________ in accordance with IAS 1 Presentation of Financial Statements _________ they meet the criteria to be classified as held for sale in accordance with IFRS 5.
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Question 4 of 10
4. Question
To which of the following assets shall IFRS 5 be applied?
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Question 5 of 10
5. Question
The classification, presentation and measurement requirements in this IFRS applicable to a non-current asset that is classified as held for sale do not apply to a non-current asset that is classified as held for distribution to owners acting in their capacity as owners.
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Question 6 of 10
6. Question
Under which circumstances shall an entity classify a non-current asset as held for sale?
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Question 7 of 10
7. Question
Which of the following is not a condition that must be met in order to classify a non-current asset as held for sale?
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Question 8 of 10
8. Question
IFRS 5 provides unconditional requirement that the sale of the non-current asset held for sale should be expected to qualify for recognition as a completed sale within one year from the date of classification.
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Question 9 of 10
9. Question
Sale transactions include exchanges of non-current assets for __________ when __________.
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Question 10 of 10
10. Question
An entity shall not account for a non-current asset that has been temporarily taken out of use as if it had been abandoned.
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