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- IAS 23 – Borrowing Costs 0%
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Question 1 of 10
1. Question
How shall an entity recognise borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset?
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Question 2 of 10
2. Question
IAS 23 shall be applied in accounting for __________.
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Question 3 of 10
3. Question
IAS 23 deals with the actual or imputed cost of equity, including preferred capital not classified as a liability.
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Question 4 of 10
4. Question
In which of the following cases is the entity required to apply IAS 23?
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Question 5 of 10
5. Question
A qualifying asset is an asset that necessarily takes __________ to get ready for its intended use or sale.
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Question 6 of 10
6. Question
Which of the following cannot be included in borrowing costs:
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Question 7 of 10
7. Question
Which of the following cannot be a qualifying asset?
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Question 8 of 10
8. Question
Assets that are ready for their intended use or sale when acquired are not qualifying assets.
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Question 9 of 10
9. Question
An entity shall __________ borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset __________.
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Question 10 of 10
10. Question
An entity shall recognise all borrowing costs as an expense in the period in which it incurs them.
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