AASB 141 Requires Disclosure of Which of the Following

question 26

Multiple Choice

AASB 141 requires disclosure of which of the following?
I aggregate gain or loss on initial recognition of biological assets
II fair value of agricultural produce harvested during the period, at point of harvest
III fair value changes attributable to physical changes
IV fair value changes attributable to price changes

• A) I and II only
• B) I, II and III only
• C) II, III and IV only
• D) I, II, III and IV

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Definitions:

Career Development

The progression of an individual’s job path over their lifetime, including education, training, and work experiences, to achieve personal career goals.

Compelling Employment

Employment opportunities or offers that are highly attractive or persuasive, often because of excellent benefits, workplace culture, or career advancement possibilities.

Labour Market

A marketplace where employers find workers and workers find jobs; it is characterized by supply and demand for labor.

Globalisation

The worldwide interdependence of resource flows, product markets, and business competition.