Accounting Standard AASB 11 Joint Arrangements Does Not Apply to Investments

question 26

Multiple Choice

Accounting Standard AASB 11 Joint Arrangements does not apply to investments in joint ventures:

• A) by venture capital organisations.
• B) by unit trusts.
• C) that are held for sale.
• D) all of the above.

---

Definitions:

"Forgotten Man"

A term popularized during the 1930s by President Franklin D. Roosevelt to describe those at the bottom of the economic pyramid suffering the most during the Great Depression.

NRA "Production Codes"

The NRA "Production Codes," also known as the Hays Code, were guidelines for film content that aimed to regulate moral and ethical standards in movies, established by the National Recovery Administration during the 1930s.

Social Insurance

A government-sponsored program designed to ensure individuals against economic risks (such as loss of income due to sickness, unemployment, or old age) by pooling resources.

Works Progress Administration

A key part of the New Deal, it was a large federal agency created in 1935 to provide jobs for unemployment relief through public works projects.