Under IAS 34, which of the following costs is not viewed as a constructive obligation?
A)Contingent lease payments in excess of a contractual base amount
B)Year-end bonuses
C)Quantity discounts or rebates
D)Maintenance costs

Question

Quizplus · Accepted Answer

Under IAS 34, maintenance costs are not viewed as a constructive obligation because they are typically considered as period costs, incurred in the normal course of operations, rather than obligations arising from past events that require settlement.

Under IAS 34, Which of the Following Costs Is Not