In AASB 138,an 'Identifiable Non-Monetary Asset Without Physical Substance',is the Definition

question 19

Multiple Choice

In AASB 138,an 'identifiable non-monetary asset without physical substance',is the definition of:

• A) an intangible asset
• B) cash at bank
• C) goodwill
• D) none of the above

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Definitions:

Aggregate Expenditure

The total amount of spending in the economy that includes consumption, investment, government purchases, and net exports.

Simple Spending Multiplier

The ratio of a change in real GDP demanded to the initial change in spending that brought it about; the numerical value of the simple spending multiplier is 1/(1 + MPC); called “simple” because only consumption varies with income.

Marginal Propensity

Describes the portion of additional income that an individual is willing to spend on consumption rather than saving.

Off-Balance Sheet Financing

Off-balance sheet financing is the use of funding or financial activities not recorded on the company's balance sheet to keep debt ratios low.