Which of the Following Is Not an Example of an Assumption

question 28

Multiple Choice

Which of the following is not an example of an assumption that must be disclosed under AASB 101 Presentation of Financial Statements when future-oriented estimates are necessary to measure the recoverable amount of assets?

• A)Useful lives
• B)Future interest rates
• C)Future changes in salaries
• D)Future bad debts

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Definitions:

Carrying Value

The book value of assets and liabilities as reported in the financial statements.

Securities And Exchange Commission

The U.S. federal agency responsible for regulating the securities markets, protecting investors, and overseeing the securities industry and public securities exchanges.

Subscriptions Receivable

This refers to the amounts owed by subscribers who have not yet paid for the subscription services or publications.

Par Value

The face value of a bond or stock as stated by the issuing company, unrelated to its market value.