Which of the Following Statements Is Correct About the Controversial

question 7

Multiple Choice

Which of the following statements is correct about the controversial issues surrounding AASB 8/IFRS 8?

• A) The management approach adopted in AASB 8/IFRS 8 was argued to put preparers' needs ahead of users' needs.
• B) The European Parliament was not able to endorse AASB 8/IFRS 8 due to strong oppositions from European countries.
• C) Despite the objections from different parties, all IASB board members at the time unanimously agreed that AASB 8/IFRS 8 should replace AASB 114.
• D) The proponents of AASB 114 argued that AASB 8/IFRS 8 contains too many mandatory disclosure requirements compared to AASB 114.

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Definitions:

AND Criteria

A logical condition used in database queries and programming that requires all specified conditions to be true for an action to be taken or a record to be selected.

Criteria Row

In database queries, a row where conditions are defined to filter the data returned in the query results.

Query Design

The process of creating a request to access, retrieve, or manipulate data within a database through a graphical or textual interface.

AND Criteria

In querying and programming, conditions that must all be met for a record to be selected or an action to be taken.