AASB 138 Contains Some Elements That Seem to Be Reactions

question 18

Multiple Choice

AASB 138 contains some elements that seem to be reactions to opportunistic behaviour by preparers of accounts and to the degree of uncertainty surrounding goodwill as an unidentifiable intangible asset.These elements include:

• A) the prohibition on recording internally generated goodwill.
• B) the requirement to use a specific rate of amortisation.
• C) the specification of impairment testing.
• D) the prohibition on recording internally generated goodwill and the specification of impairment testing.

---

Definitions:

Etiology

The study of the causes or origins of diseases or disorders.

Abnormal Psychology

The study of psychological disorders and unusual patterns of behavior, emotion, and thought.

Prevalence

The proportion of a population found to have a condition or characteristic at a specific time.

Frequency

The rate at which something occurs over a particular period of time or in a given sample.