One Year Is About _____ Seconds While One Day Is

question 24

Multiple Choice

One year is about _____ seconds while one day is exactly _____ seconds.

• A) 3.16 * 10⁷, 86,400
• B) 5.26 * 10⁵, 86,400
• C) 3.16 * 10⁷, 8640
• D) 1.04 *10⁶, 36,000

---

Definitions:

Parent's Cash Flows

The cash inflows and outflows directly associated with the primary operating entity in a group of companies or conglomerate.

AASB 121

Refers to the Australian Accounting Standards Board provision dealing with the effects of changes in foreign exchange rates.

Exchange Differences

Variance arising from translating foreign currency transactions or foreign operations into the reporting currency.

Presentation Currency

The form of money used to express the financial records of a company.