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Problem 1: Which of the following statements is true regarding the accounting treatment of cost to sellunder PFRS 5?
A. Cost to sell are added to the fair value when determining the measurement basis for an asset held for sale
B. Costs to sell are never discounted because held for sale assetss should be sold within one year
C. Costs to sell are discounted if it is expected that the sale will be made beyond one yesr
D. A and C
Problem 2: Which of the folloing is included in profit from continuing operations
A. Extraordinary items
B. Discontinued operations
C. OCI
D. Income tax expense
Problem 3: Acc. To PFRS 5, gains and losses on re-measurement of assets held for sale are
A. Recognized in P/L
B. Recognized in OCI
C. Recognized only for impairment losses
D. Not recognized
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