Following Are the Items of Income and Expense Recognised During

question 2

Multiple Choice

Following are the items of income and expense recognised during the period by Murray Ltd:
$\begin{array}{|l|l|}\hline \text { I }& \text { Foreign exchange differences } \\\hline \text { II } & \text { Losses on ineffective cash flow hedges } \\\hline \text { III } & \text { Retrospective adjustment from a change in accounting policy } \\\hline \mathrm{V} & \text { Actuarial losses on defined benefit pension plans } \\\hline IV & \text { Prior period error discovered } \\\hline VI & \text { Prospective adjustment resulting from a change in accounting estimates }\\\hline\end{array}$
Which of the following combinations identify all items permitted in AASB 101 'Presentation of Financial Statements to be presented under other comprehensive income?

• A) I, II, V and VI
• B) II, III, VI and V
• C) I, III, and VI
• D) III, IV and V

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Definitions:

Spontaneous Recovery

The reappearance of a previously extinguished response after a period of no exposure to the conditioned stimulus.

Insight Learning

A type of learning characterized by a sudden realization of a problem's solution.

Conditioned Response (CR)

The learned response to the conditioned stimulus that occurs after a conditioned stimulus–unconditioned stimulus pairing.

Conditioned Stimulus (CS)

A previously neutral stimulus that, after being associated with an unconditioned stimulus, elicits a conditioned response.