According to AASB 132,which of the Following Are Considered to Be

question 86

Multiple Choice

According to AASB 132,which of the following are considered to be financial assets?

• A) an equity instrument of another entity
• B) a futures contract for the delivery of a product or service
• C) a prepayment
• D) a futures contract for the delivery of a product or service and a prepayment

---

Definitions:

Nervous Breakdown

A non-medical term that signifies a period of intense mental distress, where an individual is unable to function normally in everyday life.

Mental Hygiene Movement

A movement started by Dorothea Dix (1802–1887), a Boston schoolteacher, characterized by a desire to protect and provide humane treatment for the mentally ill. Her campaign resulted directly in the opening of 32 state hospitals, including 2 in Canada. Despite the noble aims, the asylums were overcrowded and the staff had no time to do more than warehouse and restrain the patients.

Psychosocial Treatments

Therapeutic interventions that focus on improving psychological well-being and social functioning through counseling, psychotherapy, and community support.

Overcrowding

A situation where more people are present in a space than is comfortable or safe, often leading to increased stress and health risks.