…..are resources controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity.

Related MCQs

• Present value of expected future cash flows generated by an asset, plus its expected disposal value is called.
• Consideration which varies upon certain future events which may or may not occur is called….
• Activities that result in changes in the size and composition of equity capital and borrowing of an entity are called
• Total borrowings used for construction of an office building are Rs.30, 00000. Entity issued 8% debentures worth 10,00000 for this purpose and balance amount was utilized from its common pool including 10% bank loan of Rs.1000000 and 9.5% bank loan of Rs.1000000. What is the amount of borrowing cost to be capitalized?
• ……………..are employee benefits that are payable after the completion of employment
• Events after the end of the reporting period are defined as:
• Adjusting events are those that:
• An entity must measure its Property, Plant and Equipment after initial recognition at,
• Which method depreciation is most appropriate for the entity to compute depreciation for the significant parts of the aircraft?
• …………. are the amount of income tax payable in future period for taxable temporary differences.