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    Issues in Financial Accounting Study Set 1
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    Exam 3: The Conceptual Framework: Definition, recognition and Measurement of the Elements in General Purpose Financial Statements
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    Under the Framework,a Transport Company Does Not Regard the Road
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Under the Framework,a Transport Company Does Not Regard the Road

Question 26

Question 26

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

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