AASB 132 Only Allows Assets and Liabilities to Be Offset

question 9

True/False

AASB 132 only allows assets and liabilities to be offset against one another if a legally recognised right to set-off exists for these items:

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Definitions:

μATX

A specification for a smaller motherboard form factor, standing for Micro Advanced Technology Extended, providing less space for expansion but suitable for compact PC builds.

ITX

A motherboard form factor size that is smaller than ATX, the most common form factor. Comes in mini-ITX, nano-ITX, and pico-ITX sizes.

mITX

Mini-ITX, a small form factor motherboard and case specification, designed for compact and low-power consumer electronics and PCs.

Non-Volatile

Referring to memory storage that retains data even when the power is turned off, ensuring data preservation.