It is assumed that the entity will continue in operation for the foreseeable future and has neither the intention nor the need to close down or to materially reduce the scale of its operations

1. None of the other answers.

2. Going concern assumption.

3. faithful representation

4. relevance

If there is a conflict between the Framework and an international standard, then the . prevails.

1. framework

2. None of the other answers.

3. IASB

4. standard

Items are "" if they could influence the economic decisions made by users on the basis of the financial statements

1. accrual

2. immaterial

3. None of the other answers.

4. material

A liability is a non-current liability if it satisfies any of the following criteria

1. it is expected to be settled within the entity's normal operating cycle;

2. it is held for the purpose of being traded

3. None of the other answers.

4. it is due to be settled within 12 months after the reporting period

Exemptions from retrospective treatment include the following except

1. Estimates

2. None of the other answers.

3. Non-controlling interests

4. Hedge accounting