The Statement $3 \cdot 8 = 8 \cdot 3$ Illustrates the __________ (Commutative or Associative or Distributive) Property of the __________

question 78

Short Answer

The statement $3 \cdot 8 = 8 \cdot 3$ illustrates the __________ (commutative or associative or distributive) property of multiplication.

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Definitions:

AASB 121

Refers to the Australian Accounting Standards Board provision dealing with the effects of changes in foreign exchange rates.

Exchange Differences

Variance arising from translating foreign currency transactions or foreign operations into the reporting currency.

Presentation Currency

The form of money used to express the financial records of a company.

Net Profit

The amount of income that remains after subtracting all expenses, taxes, and costs from total revenue.