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- IFRS 6 – Exploration for and Evaluation of Mineral Resources 0%
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Question 1 of 10
1. Question
Which of the following statements are true regarding the features of IFRS 6?
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Question 2 of 10
2. Question
Which of the following is not a requirement of IFRS 6?
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Question 3 of 10
3. Question
An entity shall apply IFRS 6 to exploration and evaluation __________ that it incurs.
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Question 4 of 10
4. Question
An entity shall apply IFRS 6 to expenditures incurred before the exploration for and evaluation of mineral resources, such as expenditures incurred before the entity has obtained the legal rights to explore a specific area.
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Question 5 of 10
5. Question
An entity shall not apply IFRS 6 to expenditures incurred _________ the technical feasibility and commercial viability of extracting a mineral resource are _________.
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Question 6 of 10
6. Question
According to IFRS 6, how shall exploration and evaluation assets be measured?
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Question 7 of 10
7. Question
Where should an entity specify which expenditures are recognised as exploration and evaluation assets?
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Question 8 of 10
8. Question
In making the determination which expenditures are recognized as exploration and evaluation assets, an entity considers the degree to which the expenditure can be associated with finding specific mineral resources.
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Question 9 of 10
9. Question
Which of the following is not an example of expenditures that might be included in the initial measurement of exploration and evaluation assets?
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Question 10 of 10
10. Question
Expenditures related to the development of mineral resources __________.
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