Question: Which statement is NOT correct? A. IFRS 6 applies when the mineral resources enter the development phase. B. Significant uncertainties exist during mineral exploration. C.

Which statement is NOT correct? 


 A. IFRS 6 applies when the mineral resources enter the development phase. 



B. Significant uncertainties exist during mineral exploration. 



C. Under IFRS, all costs must be expensed if a mineral site is not worthy of further exploration. 



D. Entities can choose to either capitalize or expense mineral exploration costs.

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