Under the AASB Framework a Saving in an Outflow Through

question 31

True/False

Under the AASB Framework a saving in an outflow through the reduction of a liability that is not a contribution by equity participants,and results in an increase in equity during the reporting period,was income:

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Definitions:

Family Therapist

A mental health professional specialized in treating psychological, emotional, and relational issues within the context of the family system.

Eclectic Approach

An approach in psychology that combines theories and methodologies from different schools of thought to address psychological issues more effectively.

Client-Centered Therapy

A humanistic therapy, developed by Carl Rogers, in which the therapist uses techniques such as active listening within a genuine, accepting, empathic environment to facilitate clients’ growth. Also called person-centered therapy.

Psychotherapy

A form of treatment for emotional and psychological disorders that involves talking with a therapist to resolve problematic behaviors, beliefs, feelings, and relationship issues.