Which of the Following Statements Is Correct

question 15

Multiple Choice

Which of the following statements is correct?

• A) Joint arrangements classified as joint ventures are accounted for under AASB 128/IAS 28.
• B) All joint arrangements are accounted for under AASB 128/IAS 28.
• C) Joint arrangements classified as joint ventures are accounted for under AASB 11.
• D) Joint arrangements classified as joint operations are accounted for under AASB 128/IAS 28.

---

Definitions:

Treaty

is a formal, ratified agreement between two or more sovereign states in international law, often involving subjects like peace or trade.

International Organization for Standardization

A worldwide federation of national standards bodies that develops and publishes a wide range of proprietary, industrial, and commercial standards.

Anti-Bribery Compliance Programs

Programs implemented by organizations to prevent bribery and comply with anti-bribery laws, including training and procedures to identify and mitigate risks.

Economic and Monetary Union

A type of trade bloc which combines an economic union with a monetary union, involving the adoption of a single currency among member countries.