According to the AASB Framework an Asset Should Have a Number

Multiple Choice

According to the AASB Framework an asset should have a number of characteristics,including:

A) It must be owned by the entity.
B) It must be expected to provide future economic benefits to the entity.
C) The transaction giving rise to the ownership must have already occurred.
D) The future economic benefits must be very likely to eventuate.
E) All of the given answers.