IAS2 – Knowsia

FA – Mar/July 2020 – L1 – SA – Q16 – Accounting for Property, Plant, and Equipment (PPE) in Accordance with IAS

Accounting standard for recognizing newly constructed buildings

Question

Oladiya ventures is in the business of real estate and property management. In the current year, the business constructed several buildings which have been placed for sale.

Which of the following standards will be appropriate for the recognition of the newly constructed buildings?
A. IAS2 – Inventory
B. IAS16 – Property, Plant and Equipment
C. IAS40 – Investment Property
D. IAS37 – Provision, Contingent Liability and Contingent Asset
E. IFRS 15 – Revenue from Contract with Customers

Answer

Find Related Questions by Tags, levels, etc.

Tags: IAS16, IAS2, IAS40, Inventory, PPE
Level: Level 1

Topic: Accounting for Property, Plant, and Equipment (PPE) IAS 16
Series: MAR/JULY 2020

Question Tag: IAS2

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

FA – Mar/July 2020 – L1 – SA – Q16 – Accounting for Property, Plant, and Equipment (PPE) in Accordance with IAS

Accounting standard for recognizing newly constructed buildings

FA – Mar/July 2020 – L1 – SA – Q16 – Accounting for Property, Plant, and Equipment (PPE) in Accordance with IAS

Accounting standard for recognizing newly constructed buildings

Our offerings

Contact Info

Customer

Get In Touch

Question Tag: IAS2

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

FA – Mar/July 2020 – L1 – SA – Q16 – Accounting for Property, Plant, and Equipment (PPE) in Accordance with IAS

Accounting standard for recognizing newly constructed buildings

You're reporting an error for "FA – Mar/July 2020 – L1 – SA – Q16 – Accounting for Property, Plant, and Equipment (PPE) in Accordance with IAS"

FA – Mar/July 2020 – L1 – SA – Q16 – Accounting for Property, Plant, and Equipment (PPE) in Accordance with IAS

Accounting standard for recognizing newly constructed buildings

You're reporting an error for "FA – Mar/July 2020 – L1 – SA – Q16 – Accounting for Property, Plant, and Equipment (PPE) in Accordance with IAS"

Our offerings

Contact Info

Customer

Get In Touch

admin