In the context of IFRS 6, E&E stands for:
A) evaluation and extraction
B) exploration and evaluation
C) extraction and exploration
D) exploration and expenditure

Question

Quizplus · Accepted Answer

E&E stands for exploration and evaluation, which refers to the activities undertaken by an entity in locating reserves of mineral resources before deciding whether to extract them. IFRS 6 provides guidance on accounting for E&E expenditures.

In the Context of IFRS 6, E&E Stands For