According to AASB 132,which of the Following Are Considered to Be

question 37

True/False

According to AASB 132,which of the following are considered to be financial assets?
A. An equity instrument of another entity.
B. A futures contract for the delivery of a product or service.
C. A prepayment.
D. A futures contract for the delivery of a product or service and a prepayment
E. None of the given answers.

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Definitions:

Hydraulic Cylinders

Actuators that convert hydraulic fluid pressure into linear motion, used in a variety of machinery and equipment for lifting, pushing, or pulling.

Concrete

A construction material composed of cement, water, aggregates, and sometimes admixtures, used for building a wide variety of structures.

Prevailing Torque

A term used to describe the resistance to loosening provided by some type of fasteners, often achieved through friction or deformation.

Nylon Lock

A type of lock nut that uses a nylon insert to prevent loosening under vibration and torque.