AASB 136 Requires Which of the Following to Be Reflected

question 20

Multiple Choice

AASB 136 requires which of the following to be reflected in the calculation of the present value of future cash flows:

• A)the time value of money,represented by the current market risk- free rate of interest
• B)an estimate of the future cash flows the entity expects to derive from the asset
• C)the price for bearing the uncertainty inherent in the asset
• D)all of the above

---

Definitions:

Joint Probability Distribution

A joint probability distribution represents the probability of two or more events happening at the same time and their interrelations.

Probability Distribution

Probability distribution describes the likelihood of occurrence of different possible outcomes for an event, represented through a function or table.

Golfing Store

A retail establishment that specializes in selling golf equipment, clothing, and accessories.

Joint Probability Distribution

A joint probability distribution shows the probability of two or more events happening at the same time, considering all combinations of the variables involved.