AASB 141 Does Not Require Gains to Be Broken Down

question 61

True/False

AASB 141 does not require gains to be broken down into volume changes and price changes as recommended by Roberts,Staunton and Hagen.

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Definitions:

Overextension

The application of a word or concept beyond its usual scope, common in the language development of children, where they attribute broader meanings to words.

Fast Mapping

The ability, especially noted in children, to rapidly learn and retain new words or concepts after minimal exposure.

Colours

Visual perceptions that result from the way an object reflects or emits light into the eye, categorized typically as red, blue, green, etc.

Overextensions

A linguistic phenomenon commonly observed in children's language development, where a child applies a word in a broader context than is appropriate.