All the Following Items Are 'Monetary Items' According to AASB

question 14

Multiple Choice

All the following items are 'monetary items' according to AASB 121 except:

• A)trade payable of ₤50 000.
• B)borrowings €30 000.
• C)shares held in BHP Ltd listed on the ASX.
• D)trade receivable of US$12 000.

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Definitions:

Strategic Plan

An organized procedure for forecasting a preferred future, and turning this forecast into wide-ranging goals or objectives, followed by a plan of action to accomplish them.

Service-Quality Dimension

Aspects that customers use to evaluate the performance and quality of a service, including reliability, responsiveness, assurance, empathy, and tangibles.

Tangibles

Physical items or properties that can be seen, touched, and measured, as opposed to intangible assets like patents or copyrights.

Reliability

The degree to which a system, component, or process consistently performs according to its intended or designed function.