Rate of Return Is Expressed on a ____________ Basis

question 18

Multiple Choice

Rate of return is expressed on a ____________ basis.

• A) Percentage
• B) Increase
• C) Equity
• D) Absolute
• E) Gain

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Definitions:

Monetary Items

Units of currency held and assets and liabilities to be received or paid in a fixed or determinable amount of currency.

Currency Units

Units of account used as a medium of exchange, represented in forms such as dollars, euros, yen, etc.

Liabilities

Financial obligations or debts that a company owes to others, which must be settled over time through the transfer of economic benefits.

AASB 121

The Australian Accounting Standards Board document that refers to the effects of changes in foreign exchange rates on financial reporting.