Quiz Summary
0 of 9 Questions completed
Questions:
Information
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading…
You must sign in or sign up to start the quiz.
You must first complete the following:
Results
Results
0 of 9 Questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 point(s), (0)
Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)
Categories
- IFRS 5 – Non-current Assets Held for Sale and Discontinued Operations 0%
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- Current
- Review
- Answered
- Correct
- Incorrect
-
Question 1 of 9
1. Question
Which of the following does not agree with IFRS 5 regarding the presentation of a non-current asset or a disposal group classified as held for sale?
CorrectIncorrect -
Question 2 of 9
2. Question
Under which circumstances IFRS 5 does not require disclosure of the major classes of assets and liabilities?
CorrectIncorrect -
Question 3 of 9
3. Question
An entity shall reclassify or re-present amounts presented for non-current assets or for the assets and liabilities of disposal groups classified as held for sale in the statements of financial position for prior periods to reflect the classification in the statement of financial position for the latest period presented.
CorrectIncorrect -
Question 4 of 9
4. Question
Which of the following information (if applicable) shall be disclosed in the period in which a non-current asset has been either classified as held for sale or sold?
CorrectIncorrect -
Question 5 of 9
5. Question
Which of the following is correct regarding the application of IFRS 5?
CorrectIncorrect -
Question 6 of 9
6. Question
Which of the following statements best defines the term ‘discontinued operation’?
CorrectIncorrect -
Question 7 of 9
7. Question
Which of the following represents ‘recoverable amount’?
CorrectIncorrect -
Question 8 of 9
8. Question
Which of the following describes the term ‘value in use’?
CorrectIncorrect -
Question 9 of 9
9. Question
As at 31 December 201X the assets can be sold for $ 6,780. Cost to sell this asset amounts to $450. The value is use of this asset has been estimated as $ 5,960. Which of the following amounts represents the recoverable amount of this asset?
CorrectIncorrect