The Accounting Standard That Specifically Deals with Property,plant and Equipment

question 30

Multiple Choice

The accounting standard that specifically deals with property,plant and equipment is:

• A) AASB 138
• B) AASB 116
• C) AASB 132
• D) AASB 101

Recognize the effectiveness of token economies in modifying behavior.

Understand the principle behind and application of time-out in behavior management.

Know about the process and effectiveness of aversion therapy.

Identify techniques that utilize operant conditioning principles for therapeutic purposes.

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Definitions:

Net Operating Income

Earnings resulting from the standard operations of a business, without considering taxes and interest expenses.

Variable Cost

Expenses that vary directly with the level of production or sales volume, such as raw materials and direct labor costs.

Advertising Spending

The total amount of money that is allocated towards advertising products or services in various media outlets.

Margin Of Safety

The difference between actual or projected sales and the break-even point, indicating the degree of risk associated with falling sales.