Following Are the Items of Income and Expense Recognised During

question 7

Multiple Choice

Following are the items of income and expense recognised during the period by Gordon Field LtD. Which of the following combinations identify all items permitted in AASB 101 "Presentation of Financial Statements" to be presented under other comprehensive income?

• A) I, II, IV, V and VI;
• B) I, II, IV, and V;
• C) II, III, V and VI;
• D) II, V and VI;
• E) III, V and VI;

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Definitions:

Spontaneous

Behaviors or actions that are performed without premeditation or planning, often arising naturally.

Conditions Of Worth

Standards set by others that an individual believes they must meet in order to be valued or accepted.

Self-Actualization

The realization or fulfillment of one’s talents and potentialities, often considered as the drive to fulfill one's personal capabilities.

Personally Satisfying

Describes actions or outcomes that fulfill individual desires, preferences, or gratifications.