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Specialized Industries Accounting Quiz
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Specialized Industries Accounting Quiz

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Questions and Answers

Which financial reporting standards are applicable to Agriculture?

  • IFRS 6
  • IAS 41 (correct)
  • IFRS 17
  • IFRS 9
  • Which standard is related to the Exploration or Evaluation of Mineral Resources?

  • IFRS 7
  • IFRS 9
  • PFRS 6
  • IFRS 6 (correct)
  • Which standard is related to Financial Instruments and Financial Instruments Disclosures?

  • IFRS 9 and 7 (correct)
  • IFRS 6
  • PFRS 9
  • IFRS 17
  • Which industry has distinct accounting policies developed for specialized transactions and balances?

    <p>Specialized Industries</p> Signup and view all the answers

    Which standard is applicable to Insurance Contracts?

    <p>IFRS/PFRS 17</p> Signup and view all the answers

    Which industry is likely to have specific financial reporting standards applicable to them?

    <p>Agriculture</p> Signup and view all the answers

    Which standard is related to the Exploration or Evaluation of Mineral Resources?

    <p>IFRS 6</p> Signup and view all the answers

    Which industry has distinct accounting policies developed for specialized transactions and balances?

    <p>Agriculture</p> Signup and view all the answers

    Which standard is applicable to Insurance Contracts?

    <p>IFRS 17</p> Signup and view all the answers

    Which standard is related to Financial Instruments and Financial Instruments Disclosures?

    <p>IFRS 7</p> Signup and view all the answers

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