Consideration which varies upon certain future events which may or may not occur is called….

Related MCQs

• …..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.
• Present value of expected future cash flows generated by an asset, plus its expected disposal value is called.
• Events after the end of the reporting period are defined as:
• Adjusting events are those that:
• …………. are the amount of income tax payable in future period for taxable temporary differences.
• The useful life of an intangible asset may be,
• As per IFRS15, an agreement between two or more parties that creates enforceable right and obligation is called….
• When a lease transfers substantially all the risks and rewards of ownership to lessee, this is called…..
• Specific principles, bases, conventions, rules and practices applied in presenting financial statements, are called,
• Applying a new policy to transaction as if that policy had always been applied. This is called,