Items Not Included in the Operating Profit Calculation Under AASB

question 24

Multiple Choice

Items not included in the operating profit calculation under AASB 101 are:

• A) prior period adjustments
• B) events outside ordinary operations
• C) adjustments due to changes in accounting policies
• D) all of the above

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Definitions:

Government Bonds

Debt securities issued by a government to support government spending and obligations, often seen as low-risk investments.

Interest Payment Dates

The specific dates on which interest payments are made to bondholders or lenders during the life of a bond or loan.

Interest Calculations

The process of determining the amount of interest earned or paid on investments, loans, or savings over a period of time.

Bonds Purchased

Bonds purchased refer to the acquisition of bond securities by an investor, representing loans to the issuer in return for periodic interest payments and the return of principal at maturity.