Disclosure Information Under AASB 124 Is Aggregated By

question 63

Multiple Choice

Disclosure information under AASB 124 is aggregated by:

• A) forex currency base, size of the transaction and class of related party.
• B) size of the transaction, type of transaction and frequency of the transaction.
• C) type of transaction, nature of terms and conditions and class of related party.
• D) nature of terms and conditions, class of related party and frequency of the transaction.

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Definitions:

Bond

A financial tool that signifies a lending agreement where an investor lends money to a borrower, usually a company or government entity, guaranteeing a fixed return.

Interest Rate

The percentage of a sum of money charged for its use, often expressed as an annual percentage rate.

Bond

A fixed income investment in which an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period at a fixed interest rate.

Vintage

A term used to describe the age of an item, often indicating quality, rarity, and value, particularly in the context of wines, cars, and collectibles.