For the Purpose of AASB 108,which of the Following Is

question 10

Multiple Choice

For the purpose of AASB 108,which of the following is not considered to represent a change in an accounting policy?

• A)the change from the use of straight- line depreciation to reducing- balance depreciation
• B)the application of a new accounting policy for transactions,other events or conditions that did not occur previously or were immaterial
• C)the application of an accounting policy for transactions,other events or conditions that differ in substance from those previously occurring
• D)both B and C

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Definitions:

Strengthen Commitment

The act of reinforcing one's dedication or promise towards a goal or decision.

Ultimate Weapon

A tool, weapon, or strategy considered to be the most effective or powerful in achieving victory or overcoming challenges.

Distributive Bargaining

A negotiation strategy focused on dividing a limited amount of resources where one party's gain results in another party's loss.

Strategies

Approaches or plans developed to achieve objectives efficiently.