The Accounting Standard That Specifies the Correct Presentation of Financial

question 29

Multiple Choice

The accounting standard that specifies the correct presentation of financial statements is:

• A) AASB 1004.
• B) AASB 1039.
• C) IAS 1/AASB 101.
• D) IAS 20/AASB 120.

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Definitions:

Derived Class

A class in object-oriented programming that is created by inheriting properties and methods from another class.

Composition

In object-oriented programming, composition is a design principle where a class references one or more objects of other classes in instance variables, thus representing a "has-a" relationship.

"Has-a" Relationship

In object-oriented programming, it indicates that an object of one class contains or encapsulates objects of another class.

SetDimension

A method typically used in graphics programming to specify the dimensions (width and height) of an object.