In AASB 132,the Ability to Set Off Makes Reference To

question 2

Multiple Choice

In AASB 132,the ability to set off makes reference to:

• A) All assets and liabilities.
• B) Financial assets and financial liabilities.
• C) Current assets and current liabilities.
• D) Preference shares and convertible notes.
• E) Assets and liabilities of an amount above the materiality threshold.

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Definitions:

Achievement Motive

Wanting to accomplish things, usually on one’s own and without help.

Implicit Motives

Unconscious motivations, usually measured with projective tests.

Affiliation Motive

An underlying psychological drive that influences individuals to form connections, bond with others, and seek social acceptance.

Explicit Motives

Conscious motivations, usually measured by self-report.