AASB 137 Provisions, Contingent Liabilities and Contingent Assets, Defines a As

question 1

Multiple Choice

AASB 137 Provisions, Contingent Liabilities and Contingent Assets, defines a as: 'a possible asset that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity'

• A) deferred liability.
• B) contingent asset.
• C) deferred asset.
• D) contingent liability.

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Definitions:

Initial Planning

The process of setting preliminary objectives and courses of action before starting a project or activity.

Outcomes Identification

The process of defining what results are expected from a particular health care intervention or treatment.

American Nurses Association

A professional organization that represents the interests of registered nurses in the United States through advocacy and education.

Culturally Appropriate

Practices or interventions that are aligned with the cultural beliefs, values, and needs of individuals or communities.