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- IFRS 6 – Exploration for and Evaluation of Mineral Resources 0%
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Question 1 of 7
1. Question
The level identified by the entity for the purposes of testing exploration and evaluation assets for impairment shall comprise at least two cash-generating units.
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Question 2 of 7
2. Question
An entity shall disclose information that __________ the exploration for and evaluation of mineral resources.
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Question 3 of 7
3. Question
Which of the following shall an entity disclose in order to comply with IFRS 6?
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Question 4 of 7
4. Question
Which of the following is true about exploration for and evaluation of mineral resources?
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Question 5 of 7
5. Question
Which of the following defines ‘exploration and evaluation expenditures’?
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Question 6 of 7
6. Question
An entity X is exploring for oil in a known oil basin in Malaysia. X has plans to drill 500 test wells in the area. Ten wells have been completed, with no oil having been found. X intends to continue with its test drilling. Does the failure of the first ten test wells to find oil represent an impairment trigger under the requirements of IFRS 6?
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Question 7 of 7
7. Question
Which of the following statement agrees with IFRS 6 regarding pre licence costs?
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