The AASB Framework Allows Use of a Different Measurement Basis

question 65

True/False

The AASB Framework allows use of a different measurement basis for similar assets as long as this is disclosed in the summary of accounting policies adopted in the notes to the accounts.

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Definitions:

Obsessive-Compulsive Personality Disorder

A personality disorder characterized by a pervasive pattern of preoccupation with orderliness, perfectionism, and control, at the expense of flexibility, openness, and efficiency.

Unemployed Women

Women who are capable of working and willing to work, but are unable to find suitable employment.

Unemployed Men

Males who are currently without work but are available for and seeking employment.

Dependent Personality Disorder

A psychiatric condition characterized by an excessive need to be taken care of, leading to clingy and submissive behavior.