Under IFRS, Which of the Following Is Used to Measure

question 78

Multiple Choice

Under IFRS, which of the following is used to measure a liability, if a range of estimates is predicted and no amount in the range is more likely than any other amount in the range?

• A) Minimum of the range
• B) Maximum of the range
• C) Mid-point of the range
• D) Average of the range

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Definitions:

Behavioural Description Interviews

Interviews that attempt to find out how job applicants responded to specific work situations in the past.

Past Behaviour

Refers to an individual's historical actions or reactions in specific situations, often used as an indicator in behavioral assessments or interviews.

Employment References

Evaluations of an employee’s past work performance and job-relevant behaviours provided by past employers.

Personal References

Individuals who can provide a personal account of an applicant's character, abilities, and experiences, usually requested during the hiring process.