Which of the Following Is Not One of the Main

question 46

Multiple Choice

Which of the following is not one of the main accounts used for liquidation?

• A) Liquidator's distribution
• B) Liquidator's cash
• C) Shareholders' distribution
• D) Liquidation

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Definitions:

Profit/(Loss)

The financial result of an entity's operations and activities, indicating income or deficit over a specific period.

Equity Method

An accounting technique used to record investments in other companies by recognizing the investor's share of the earnings of the investee.

Non-current Assets

Assets that are intended for use over a long-term period, usually more than one year, such as property, plant, and equipment.

AASB 12/IFRS 12

Refers to the disclosure of interests in other entities, providing requirements on the disclosure of interests in subsidiaries, joint arrangements, associates, and unconsolidated structured entities.