Prepayments are:

Select one:

a.not financial instruments because they typically provide a right to cash or another financial instrument.

b.financial liabilities because they typically require the expenditure of future goods or services

c.financial instruments because they typically provide a right to future goods or services.

d.not financial instruments because they typically provide a right to future goods or services.

Documentation that constitutes a financial instrument as a hedging instrument must include:

Select one:

a.all of the given answers.

b.the nature of the risk being hedged.

c.how the entity will assess the effectiveness of the hedging instrument.

d.the risk management objective and strategy.

After initial recognition, the acquirer shall recognise goodwill at:

Select one:

a.cost less accumulated impairment losses.

b.fair value.

c.cost less accumulated amortisation.

d.historical cost.