Under the Accounting Standard Dealing with Revaluations, IAS 16/AASB 116

question 50

Multiple Choice

Under the accounting standard dealing with revaluations, IAS 16/AASB 116, an entity is required to:

• A) revalue its assets
• B) adopt a revaluation model.
• C) adopt a cost model.
• D) adopt either a cost model or a revaluation model.

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Definitions:

Resonating-Focus Approach

A marketing strategy that emphasizes creating an emotional connection with consumers by aligning brand messages with consumer values and needs.

CVP

An acronym for Customer Value Proposition, which is the value a company promises to deliver to its customers.

Features

Distinct attributes or capabilities of a product or service that are highlighted to differentiate it from competitors in the market.

Business Model Canvas (BMC)

A one-page plan that divides the business model into nine components in order to provide a more thorough overview.