Which Generalization About Parliaments Does NOT Correspond to Historical Reality

question 77

Multiple Choice

Which generalization about parliaments does NOT correspond to historical reality?

• A)Parliaments became a common institution throughout medieval Europe.
• B)Medieval parliaments were the ancestors of today's representative, constitutional governments.
• C)Representative parliaments are unique to Western Civilization.
• D)Medieval parliaments demonstrate that medieval king did not have the absolute power of a Roman emperor.
• E)As clerical leaders, archbishops, bishops, and abbots were prohibited from parliamentary participation.

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Definitions:

AASB 137

The Australian Accounting Standards Board standard that deals with Provisions, Contingent Liabilities, and Contingent Assets.

Provisions

Liabilities of uncertain timing or amount, recorded to account for future obligations or potential losses.

Contingent Liabilities

Possible obligations that arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity.

Contingent Assets

Possible assets that arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of certain future events not wholly within the control of the company.