Deferred tax assets and liabilities should be classified under IFRS as

Non-current Current Per the discretion of management Long term assets or liabilities

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

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

IAS 12 IAS 2 IAS 33 IAS 36

Which of the following will form part of financial statement under IFRS?

Statement of financial position Value added statement Statement of financial review by management Environmental report

The cost of abnormal amounts of wasted material in the production of self-constructed assets are

Expensed Capitalized Ignored Capitalized as per accounting policy choice