Multiple Choice
Which statement is not correct?
A) Significant uncertainties exist during mineral exploration.
B) Entities can choose to either capitalize or expense mineral exploration costs.
C) IFRS 6 applies when the mineral resources enter the development phase.
D) Under IFRS, all costs must be expensed if a mineral site is not worthy of further exploration.
Correct Answer:
Verified
Correct Answer:
Verified
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