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Which plant assets may properly include

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Reference no: EM132765969

Problem 1: Plant assets may properly include

a) deposits on machinery not yet received.

b) idle equipment awaiting sale.

c) land held for possible use as a future plant site.

d) none of these.

Problem 2: The scope of PFRS 9 includes all of the following items except:

a) Financial instruments that meet the definition of a financial asset.

b) Financial instruments that meet the definition of a financial liability.

c) Financial instruments issued by the entity that meet the definition of an equity instrument.

d) Contracts to buy or sell nonfinancial items that can be settled net.

Reference no: EM132765969

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