Which of the Following Statements Is Untrue Under AASB 128 $\quad$

question 3

Multiple Choice

Which of the following statements is untrue under AASB 128:

• A)Share of profits received from an associate need not be dissected into:
• \(\quad\)1)those profits for which a corresponding incoming cash flow exists/will exit and
• \(\quad\)2)those profits for which any corresponding incoming cash flow is uncertain or unknown.
• B)Share of profits received from an associate must be dissected into:
• \(\quad\)1)those profits for which a corresponding incoming cash flow exists/will exit and
• \(\quad\)2)those profits for which any corresponding incoming cash flow is uncertain or unknown.
• C)Dividend received from associates always reduce the associate's investment account
• D)There is no requirement that an associate will distribute cash dividends to the investor that are the equivalent of a share of associate's profit recorded by the investor.

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Definitions:

Standard Time

The predetermined or set amount of time allocated for completing a specific task under normal working conditions.

Performance Rating

An evaluation of an employee's job performance, often used for feedback or determining promotions and raises.

Task Times

The duration required to complete specific tasks, often used in planning and scheduling work processes.

Job Enrichment

The process of making a job more rewarding, engaging, and satisfying for the employees by adding more meaningful tasks and giving them more autonomy.