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To Fulfil the IASB (AASB)Framework Criteria That an Asset Must

Question 14

Multiple Choice

To fulfil the IASB (AASB) Framework criteria that an asset must have 'future economic benefits' which of the following criteria must be met?
i.It must be scarce
ii.It must have utility
iii.It must be capable of generating cash inflows to the entity


A) i,ii,
B) i,iii
C) i,ii,ii
D) iii

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