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Which measurement model applies to exploration of asset

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Reference no: EM132789497

Problem 1: Which measurement model applies to exploration and evaluation of asset subsequent to initial recognition?

a. Cost Model

b. Revaluation Model

c. Cost Models and Revaluation Model

d. Recoverable amount model

Problem 2: PFRS 8 shall apply to

a. Separate financial statements of an entity only.

b. Consolidated financial statements of a group only.

c. Both the separate financial statements of an entity and the consolidated financial statements of a group.

d. Neither the separate financial statements of an entity nor the consolidated financial statements of a group

Reference no: EM132789497

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