Which of the Following Events Took Place in December 2008

question 29

Multiple Choice

Which of the following events took place in December 2008?

• A) The IASB issued an Exposure Draft proposing amendments to AASB 118.
• B) The FASB formally adopted AASB 118.
• C) The IASB and FASB jointly issued a Discussion Paper on revenue recognition.
• D) The IASB issued an amended AASB 118.

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Definitions:

Rejection Sensitivity

An individual's disposition to anxiously expect, readily perceive, and intensely react to rejection.

Dispositional Contempt

A personality trait that predisposes an individual to feel contempt, a mix of anger and disgust, toward others as a default response.

Obsessive-Compulsiveness

Refers to a psychological condition characterized by intrusive thoughts (obsessions) and repetitive behaviors (compulsions) aimed at reducing anxiety.

Dispositional Contempt

An attitude or feeling of disdain or scorn towards others, typically viewed as a stable personality trait.