In Accordance with the Quantitative Guidelines in AASB 1031 Materiality,to

question 22

Multiple Choice

In accordance with the quantitative guidelines in AASB 1031 Materiality,to determine if the omission of an item of Equipment worth $600 000 is material,it should be compared with the more appropriate base amount of:

• A)Total Non-Current Assets;
• B)Equity;
• C)Total Assets;
• D)Plant and Equipment.

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Definitions:

Love

An intense, deep affection and care towards someone or something, often characterized by emotional, physical, and social components.

Seduction

The process of deliberately enticing a person to engage in some form of sexual behavior.

Self-Disclosure

The act of revealing personal, private information about oneself to others.

Similarity

A Gestalt principle of perception; the tendency to perceive things that look similar to each other as being part of the same group.