AASB 138 Contains Some Elements That Seem to Be Reactions

question 33

Multiple Choice

AASB 138 contains some elements that seem to be reactions to opportunistic behaviour by preparers of accounts and to the degree of uncertainty surrounding goodwill as an unidentifiable intangible asset.These elements include:

• A) The prohibition on recording internally generated goodwill.
• B) The requirement to use a specific rate of amortisation.
• C) The specification of impairment testing.
• D) The prohibition on recording internally generated goodwill and the specification of impairment testing.
• E) All of the given answers.

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Definitions:

Gender

Gender refers to the roles, behaviors, activities, expectations, and societal norms associated with being male, female, or non-binary, often shaped by cultural and social influences.

Primary Sex Characteristics

The biological and physiological characteristics that define male and female organisms, such as reproductive organs.

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Researchers who study how evolutionary principles explain human psychological features and behaviors.

Sexual Behavior

Actions or practices related to the expression of sexuality or sexual attraction between individuals.