Which of the Following Is Within the Scope of AASB

question 2

Multiple Choice

Which of the following is within the scope of AASB 139?

• A) a lease obligation to which AASB 117 applies
• B) a lease renewal option within a lease agreement
• C) a contract for contingent consideration payable in a business combination covered by AASB 3
• D) a share option issued under an employee share scheme which is covered by AASB 2.

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Definitions:

Causation

A principle in law and philosophy where a cause is linked to an effect; essential for establishing liability in tort cases.

Intervening Cause

An event that occurs after the defendant's act and contributes to a harm, potentially relieving the defendant of liability.

Superseding Cause

An unforeseeable event that interrupts the chain of causation and becomes the primary cause of an incident, relieving the defendant of liability.

Bystanders

Individuals who are present at an event or incident but do not take part in it.