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Which of the Followings Are the Three Essential Criteria in the Definition

Question 24

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Which of the followings are the three essential criteria in the definition of an asset?
 I. Future economic benefitsIV.Present obligation II.Future sacrifices of economic benefits. V. Control. III.Past event VI.Ownership\begin{array}{ll}\text { I. Future economic benefits}&\text {IV.Present obligation }\\\text {II.Future sacrifices of economic benefits. }&\text {V. Control. }\\\text {III.Past event }&\text{VI.Ownership} \\\end{array}


A) I, III, IV.
B) II, III, V.
C) I, IV, VI.
D) I, III, V.

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