AASB 1023 Requires Which Discount Rate to Be Applied to an Outstanding

question 38

Multiple Choice

AASB 1023 requires which discount rate to be applied to an outstanding claims liability?

• A) weighted average cost of financing for the particular insurer.
• B) market-determined risk-adjusted rate of return for the particular insurer.
• C) risk-free discount rates based on current observable and objective rates.
• D) high quality corporate bond rates.

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Definitions:

Body Self-Esteem

A person's perception, feelings, and attitudes towards their own body, often influencing mental health and well-being.

Body Dysmorphia

A psychological disorder involving obsessive focus on a perceived flaw in appearance.

Generalized Anxiety Disorder

A psychological disorder characterized by excessive and uncontrollable worry about various aspects of daily life.

Panic Disorder

Recurrent experiencing of attacks of extreme anxiety in the absence of external stimuli that usually evoke anxiety.