The recognition criteria that an asset must meet before it may be recognised and presented in the financial statements includes:
A) results from a past event.
B) having physical substance.
C) relevant to management decision making.
D) verifiability.

Question

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The Answer of The recognition criteria that an asset must meet before it may be recognised and presented in the financial statements includes:
A) results from a past event.
B) having physical substance.
C) relevant to management decision making.
D) verifiability.

The Recognition Criteria That an Asset Must Meet Before It