Multiple Choice
Under the Framework,a transport company does not regard the road outside its premises as an asset because:
A) it is not owned
B) it will not provide future economic benefits
C) the amount of future economic benefits is uncertain
D) it is not controlled
Correct Answer:

Verified
Correct Answer:
Verified
Q21: Which statement is incorrect?<br>A) Net assets, net
Q22: What characteristic is emphasised in the definition
Q23: Future economic benefits for assets come from:<br>A)
Q24: AASB 137 'Provisions,Contingent Liabilities and Contingent Assets'
Q25: Depreciation and wages that have been accrued
Q27: An entity has decided to commit itself
Q28: Which of these is the strongest argument
Q29: In the Framework,'probable' means:<br>A) greater than 50%
Q30: According to Framework 2014,when should income be
Q31: Under the Framework,which of these statements is