The Definition of Earnings Contained in AASB 133

question 27

Multiple Choice

The definition of earnings contained in AASB 133:

• A) is net profit attributable to ordinary shareholders of the parent entity net of preference dividends.
• B) is net profit excluding earnings attributable to minority interests and measured before the costs of servicing equity other than dividends on ordinary shares are deducted.
• C) is net profit excluding earnings attributable to minority outside equity interests.
• D) excludes any cumulative preference dividends not paid in the period and is measured before the costs of servicing equity other than dividends on ordinary shares are deducted.

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Definitions:

Component Parts

Individual items or pieces that, when assembled, make up a finished product or are integral to its operation.

Mediocre Parts

Components or elements of a system that are of average or slightly below average quality, possibly affecting the overall performance.

Preventive Maintenance

Regular and routine maintenance performed on equipment and machinery to prevent unexpected failures and downtimes.