CPA Australia Financial-Accounting-and-Reporting Question Answer
An element is recognised in the statement of financial position or statement of comprehensive income if
I.
the value of the item can be measured reliably.
II.
the value of the item can be measured accurately.
III.
it is certain that there will be future economic benefits associated with the item.
IV.
it is probable that there will be future economic benefits associated with the item.
Which of the above options are correct?
CPA Australia Financial-Accounting-and-Reporting Summary
- Vendor: CPA Australia
- Product: Financial-Accounting-and-Reporting
- Update on: Jan 6, 2026
- Questions: 100
