AASB 117 Defines the Benefits of Ownership to Include

question 22

Multiple Choice

AASB 117 defines the benefits of ownership to include:

• A) those obtainable from the insurance claims associated with it.
• B) those obtainable from gains in the realisable value of the asset.
• C) those obtainable from the profitable use of the asset.
• D) those obtainable from gains in the realisable value of the asset and those obtainable from the profitable use of the asset.

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Definitions:

Constructive Resistance

Opposition or push-back that is intended to bring about positive change or improvement.

Dysfunctional Resistance

Counterproductive opposition to change or new ideas, which can harm an organization or group's progress.

Personal Power

Personal power is the influence or authority an individual has over others, derived from personal attributes or skills, rather than from formal positions.

Expert Power

The ability to control another’s behavior because of the possession of knowledge, experience, or judgment that the other person does not have but needs.