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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 shall an entity apply to the exploration and evaluation assets after recognition?
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Question 2 of 10
2. Question
An entity may change its accounting policies for exploration and evaluation expenditures if the change makes the financial statements more relevant to the economic decision-making needs of users and no less reliable, or more reliable and no less relevant to those needs.
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Question 3 of 10
3. Question
An entity shall judge relevance and reliability using the criteria in _______.
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Question 4 of 10
4. Question
What shall an entity demonstrate when justifying change to the accounting policy?
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Question 5 of 10
5. Question
According to IFRS 6, an entity may classify its exploration and evaluation assets as …
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Question 6 of 10
6. Question
Which of the following is true regarding classification of exploration and evaluation assets?
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Question 7 of 10
7. Question
Under which circumstances an exploration and evaluation asset shall no longer be classified as such?
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Question 8 of 10
8. Question
Exploration and evaluation assets shall be assessed for impairment when facts and circumstances suggest that the __________ an exploration and evaluation asset __________.
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Question 9 of 10
9. Question
Which of the following facts indicate that an entity should test exploration and evaluation assets for impairment?
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Question 10 of 10
10. Question
Each cash-generating unit or group of units to which an exploration and evaluation asset is allocated shall not be larger than __________.
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