Which of the Following Items Is Within the Scope of AASB

question 19

Multiple Choice

Which of the following items is within the scope of AASB 121 The Effects of Changes in Foreign Exchange Rates?

• A) translation of cash flows from foreign operations
• B) presentation in a statement of cash flows of the cash flows arising from transactions in a foreign currency
• C) hedge accounting for hedging a net investment in a foreign operation
• D) presentation of an entity's financial statements in a foreign currency

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Definitions:

Excludable

A characteristic of a good or service that allows its owner to prevent others from using it without permission, typically through legal or physical means.

Clean Air

Air that is free from pollutants and contaminants, ensuring environmental quality and public health.

Consumption

The use of goods and services by households or individuals for personal satisfaction or to fulfill their needs.

Artificially Excludable

Describes goods or services from which individuals can be prevented from using unless they comply with certain conditions, despite there being no natural reason for exclusion.