Under AASB 101, in the Statement of Financial Position, Companies

question 48

Multiple Choice

Under AASB 101, in the statement of financial position, companies are normally required to distinguish between:

• A)cash on hand and cash at bank.
• B)property and plant.
• C)current and non-current liabilities.
• D)current profit and retained profits.

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Definitions:

Martin Luther King Jr.

A prominent leader in the American civil rights movement, known for advocating nonviolence and civil disobedience to combat racial inequality.

Assassination

The act of deliberately killing a prominent or important person, typically for political reasons or for personal gain.

Uprisings

Acts of rebellion or revolt by a group of people against an established authority or government, often aiming to achieve political or social change.

Civil Rights

Legal provisions and freedoms that guarantee protection from discrimination based on race, gender, religion, etc.