Which of the Following Are Considered in the AASB Framework

question 55

Multiple Choice

Which of the following are considered in the AASB Framework as primary qualitative characteristics?

• A)relevance,reliability,materiality and comparability.
• B)relevance,reliability,timeliness and understandability.
• C)relevance,reliability,understandability and comparability.
• D)materiality,reliability,understandability and comparability.
• E)materiality,timeliness,understandability and comparability.

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Definitions:

Arbitrage Profits

Earnings generated from buying and selling identical or similar securities, currencies, or commodities in different markets to exploit price differences.

Positive Basis

In futures trading, a situation where the spot or cash price of a commodity is lower than the future price, indicating expectations of higher future prices.

Borrowing Cost

The cost incurred by an entity when it raises funds through debt financing, which may include interest payments and other fees.

Convertible Arbitrage

A trading strategy that involves taking a long position in convertible securities and a short position in the stock of the issuing company to exploit pricing inefficiencies.