Which of the Following Is the Correct Measurement of Assets

question 8

Multiple Choice

Which of the following is the correct measurement of assets and liabilities,according to AASB 1038?

• A) Assets Liabilities Net present value Fair value
• B) Assets Liabilities Fair value Net present value
• C) Assets Liabilities Fair value Fair value
• D) Assets Liabilities Net present value Net present value

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Definitions:

Working Capital

A financial metric representing the difference between a company's current assets and current liabilities.

Current Liabilities

Short-term financial obligations due within one year or less, which a company needs to pay with its current assets.

Long-Term Creditors

Entities or individuals to whom a company owes money, with the obligation for repayment extending beyond one year.