IAS 1/AASB 101 Defines a Complete Set of Financial Statements

question 29

Multiple Choice

IAS 1/AASB 101 defines a complete set of financial statements as comprising:

• A)A balance sheet,a profit and loss report,a statement of cash flows,a director's report
• B)A statement,of financial position,a statement of profit or loss and other comprehensive income for the period,a statement of changes in equity,a statement of cash flows ,notes comprising a summary of accounting policies and other explanatory information
• C)A statement,of financial position,a statement of profit or loss and other comprehensive income for the period,a statement of changes in equity,a statement of cash flows
• D)A statement,of financial position,a statement of profit or loss and other comprehensive income for the period,a statement of cash flows

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Definitions:

Behavioral Expectations Approach

A perspective that focuses on how individuals’ expectations about the behavior of others can influence their own behavior in social interactions.

Value and Humanistic Psychologists

Psychologists who emphasize the inherent worth of individuals and the importance of personal growth and self-actualization.

Psychological Environment

The mental or emotional climate that influences an individual's perceived reality and well-being.

Conscious Motivation

The awareness of internal or external forces that stimulate the desire to commit to a particular course of action.