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

Which IFRS Accounting Standard provides guidance on accounting for income taxes?

IAS 12 IAS 2 IAS 33 IAS 36

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

Non-current assets are classified as assets held for sale when their carrying amount is to be recovered principally through

Sale of assets Use in ordinary course of business Use or sale transaction Exchange of the assets

The reporting date of a subsidiary can differ from parent reporting date by not more than

3 months 6 months 9 months 12 months