To Be Recognised in a Statement of Profit and Loss

question 31

Multiple Choice

To be recognised in a statement of profit and loss and other comprehensive income,an item must by nature be:

• A)either income,an expense or item of other comprehensive income.
• B)both income and a liability.
• C)either an asset or a liability.
• D)both a liability and a direct adjustment to equity.

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Definitions:

Competitive Multiplayer

A mode of gaming where players compete against each other in real-time, typically in an online setting.

Aggressive Person

An individual who exhibits behavior that is assertive, possibly hostile, and often aims to dominate or control situations.

Video Game

An electronic game involving interaction with a user interface to generate visual feedback on a two- or three-dimensional video display device.

Interactionism

The principle that aspects of personality and of situations work together to determine behavior; neither has an effect by itself, nor is one more important than the other.