Under the AASB Framework a Saving in an Outflow Through

question 31

True/False

Under the AASB Framework a saving in an outflow through the reduction of a liability that is not a contribution by equity participants,and results in an increase in equity during the reporting period,was income:

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Definitions:

Video Games

Electronic games that involve interaction with a user interface to generate visual feedback on a two- or three-dimensional video display device.

Laptop

A portable personal computer with a clamshell form factor, suitable for mobile use and equipped with a keyboard and screen.

Id

In psychoanalytic theory, a part of the mind that is the source of instinctual impulses and demands for immediate satisfaction of basic needs.

Ego

The part of the psyche that mediates between the conscious, the unconscious, and reality, functioning in both conscious thought and behavior regulation.