Which of the Following Statements Regarding AASB 138 Is Incorrect

Multiple Choice

Which of the following statements regarding AASB 138 is incorrect?

A) it requires expenditure on research or on the research phase of an internal project must be expensed when incurred
B) it specifically prohibits the recognition of internally generated brands,mastheads,publishing titles,customer lists and items similar in substance as intangible assets
C) it allows,in certain circumstances,the recognition of an intangible asset arising from development or from the development phase of an internal project
D) it allows expenditure on research or on the research phase of an internal project to be capitalised as an asset subject to certain criteria