If Expenses Are Classified into the Groups,cost of Sales,selling Expenses,administrative

question 19

Multiple Choice

If expenses are classified into the groups,cost of sales,selling expenses,administrative expenses and finance expenses,under IAS 1/AASB 101 they are classified by:

• A)Nature
• B)Function
• C)Liquidity
• D)Tangibility

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Definitions:

Multiple Selves

The concept that individuals possess different aspects or identities within themselves, which can vary depending on context or situation.

Albert Bandura

A psychologist famous for his work on social learning theory and the concept of self-efficacy.

Observable Behavior

Actions or reactions of an individual that can be directly noticed and measured by others, excluding internal processes not visible externally.

Future Self

The conception of oneself in the future, encompassing hopes, fears, goals, and potential changes over time.