Home / My Courses / ACC211_6387_2021-2022_2NDSEM-SEM_CAE / 5th to 8th Examinations/Assessments / Final Exam

Question 23
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If the financial asset is held for trading or

if the financial asset is measured at fair value
through profit or loss,
transaction costs directly attributable to the acquisition shall be

Select one:
a.        Capitalized as cost of the financial asset

b.        Included as component of other comprehensive

income

c.
       Expensed immediately when incurred

d.        Deferred and amortized over a reasonable

period

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 Question 24
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 It is the
deferred tax consequence attributable to a taxable temporary difference.

Select one:
a.        Current tax liability

b.        Deferred tax liability

c.        Current tax asset

d.        Deferred tax asset

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Question 25
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It is the
systematic allocation of the amortizable amount of an intangible asset over the
useful life.

Select one:
a.        Depreciation

b.        Allocation

c.        Amortization

d.        Expiration

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