Without a separate legal entity the joint arrangement is a?

Joint operation Joint venture Associate At discretion of management

Cash payments to acquire assets that will be held for rental to others and subsequently for sale are

Cash flow from operating activities Cash flow from investing activities Cash flow from financing activities Cash flow from foreign activities

As per IAS-1, non-controlling interest (NCI) is presented in the statement of financial position as?

A separate item from liabilities and equity Component of equity Non-current liability Current liability

Which one of these is NOT a basis of preparation of financial statements under IFRS?

Legal arrangement irrespective of the substance Based on the substance underlying a transaction Fair value approach for recognition and measurement Accrual basis

In a defined benefit plan, plan assets are measured at each balance sheet date at?

Fair value Cost Cost or fair value whichever is less Book value