Non-current assets declared as property dividends are Select the correct response: not reclassified but presented separately from the other assets. not reclassified but disclosed only. reclassified as current assets. reclassified as "non-current assets held for distribution to owners" if the conditions under PFRS 5 are met.

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter12: Intangibles
Section: Chapter Questions
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Non-current assets declared as property dividends are
Select the correct response:
O not reclassified but presented separately from the other assets.
not reclassified but disclosed only.
reclassified as current assets.
reclassified as "non-current assets held for distribution to owners" if the conditions under PFRS 5 are met.
Transcribed Image Text:Non-current assets declared as property dividends are Select the correct response: O not reclassified but presented separately from the other assets. not reclassified but disclosed only. reclassified as current assets. reclassified as "non-current assets held for distribution to owners" if the conditions under PFRS 5 are met.
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