The Objectives of AASB 13 Fair Value Measurement Include Which

question 8

Multiple Choice

The objectives of AASB 13 Fair Value Measurement include which of the following?
I To require disclosures about fair value measurement.
II To require the use of fair value when measuring all assets and liabilities.
III To define fair value.
IV To set out in a single standard a framework for measuring fair value.

• A)I,III and IV only
• B)II and III only
• C)III and IV only
• D)I and IV only

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Definitions:

Altruism

Altruism is the selfless concern for the wellbeing of others, often manifested by the act of giving without expecting anything in return.

Anxious Attachment Style

A pattern of attachment characterized by intense anxiety and fear of abandonment, leading to excessive seeking of closeness and reassurance from attachment figures.

Romantic Relationship

A close interpersonal relationship characterized by love, affection, and commitment between two people.

Lack of Trust

A feeling or attitude that arises from a belief that others are not reliable, worthy of confidence, or dependable.