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:

Descriptive/Correlational Research

A research method that involves observing and measuring phenomena to describe them and assess relationships between variables without manipulating them.

Control Events

The capacity to influence or direct the course of events through one's actions.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values.

Scores Ranged

Refers to the variation or spread of numerical data points, often used in the context of standardized tests or assessments.