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IAS 7/AASB 107 Defines Activities That Relate to Changes in the Size

question 38

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IAS 7/AASB 107 defines activities that relate to changes in the size and composition of the financial structure of an entity as:


Definitions:

Passive Role

Involves being inactive or not participating actively in a situation or process.

Lawn Maintenance Technician

A professional responsible for the care and upkeep of lawns and garden landscapes, including tasks like mowing, fertilizing, and controlling pests.

Physical Education Teacher

An educator who specializes in teaching physical fitness, sports, and wellness practices in schools or sports facilities.

Secretary

An individual employed to handle correspondence, keep files, and perform clerical duties.

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