Prior to the Effective Date for Implementation of AASB 1037

question 73

Multiple Choice

Prior to the effective date for implementation of AASB 1037 (30 June 2001) the difficulties in classifying self-generating and regenerating assets caused the use of a variety of practices among reporting entities.Those classifications for self-generating and regenerating assets include:

• A) inventory.
• B) property plant and equipment.
• C) non-current inventory.
• D) all of the given answers.

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Definitions:

Class Interval

A range of values within which a variable can be categorized in the distribution of data.

Distribution

The way in which something is shared or spread out over a range, often referring to the distribution of values in a set of data.

Frequency Polygon

A graphical representation of the distribution of a dataset. It shows the frequencies of classes or intervals of data as points, which are connected by line segments.

Class Interval

A range of values used in the grouping of a set of data points in a frequency distribution.