Which of the Following Statements Is Incorrect

question 2

Multiple Choice

Which of the following statements is incorrect?

• A)the equity method of accounting adjusts the carrying value of an investment in an associate to reflect post- acquisition changes in the investor's share of the net assets of the investee
• B)accounting for investments at fair value through profit or loss recognises the change in fair value of the investment in income and remeasures the investment to fair value at balance date
• C)the cost method of accounting adjusts the carrying value of an investment in an associate to reflect post- acquisition changes in the investor's share of the net assets of the investee
• D)AASB 128 requires the application of the equity method of accounting to investments in associates in the consolidated financial statements of the investor

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Definitions:

Fear of Failure

An apprehension or anxiety about falling short of success or not meeting expectations in a given task or goal.

Inner Critic

The internal voice that critiques one’s actions or thoughts, often negatively impacting self-esteem.

Unique Identity

The distinctive combination of traits, qualities, and attributes that make an individual or entity different from others.

Life Stage

A phase in the human lifecycle characterized by unique developmental tasks, challenges, and opportunities.