Which of the Following Is Excluded from the Scope of AASB

question 20

Multiple Choice

Which of the following is excluded from the scope of AASB 139?

• A) a lease renewal option within a lease agreement.
• B) a contract for contingent consideration receivable in a business combination covered by AASB 3
• C) an investment in a controlled entity accounted for at cost in the investor's separate consolidated financial statements.
• D) Loan commitments that cannot be settled in cash or another financial instrument.

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Definitions:

Erythema

Redness of the skin typically caused by increased blood flow due to inflammation, injury, or infection.

Edema

Swelling caused by excess fluid trapped in the body's tissues.

Suppressor T-cells

A type of T cell that regulates the immune response to avoid attacking one's own cells or causing excessive reactions.

Serous Exudate

A clear, thin, and watery fluid that leaks out of blood vessels into nearby tissues, often seen in inflammation or as a result of injury.