In Accordance with IASB Conceptual Framework Which of the Following

question 72

Multiple Choice

In accordance with IASB Conceptual Framework which of the following transaction(s) is/are consistent with a definition of income?

• A) collection of accounts receivable
• B) debt forgiveness
• C) issue of share capital
• D) collection of accounts receivable and debt forgiveness

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Definitions:

Selling Points

Unique or attractive aspects of a product or service that are emphasized in marketing or sales.

Potential Benefits

The possible advantages or positive outcomes that might arise from a particular action or decision.

AIDA Model

A marketing framework that outlines the process for achieving successful advertising or sales, including Attention, Interest, Desire, and Action.

Persuasive Messages

These are strategically crafted communications aimed at motivating a change in belief or behavior through logical reasoning and emotional appeal, similar to a persuasive message but focused on repeated encouragement.