According to AASB 121, All the Following Items Are 'Monetary

question 18

Multiple Choice

According to AASB 121, all the following items are 'monetary items' except for:

• A) borrowings €60 000.
• B) trade payable of ₤100 000.
• C) trade receivable of US$24 000.
• D) shares held in BHP Ltd listed on the ASX.

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Definitions:

Environmental Forces

External factors such as social, economic, political, and technological elements that can affect the operations and success of an organization.

Marketing Activities

Encompasses all actions and strategies employed by a company to promote and sell its products or services.

Target Market

A specific group of potential customers identified by a company as the primary audience for its products or services.

Market

An area or environment where buyers and sellers engage in the exchange of goods, services, or information.