In Which Year Did Australia Adopt the IASB's International Accounting

question 28

Multiple Choice

In which year did Australia adopt the IASB's international accounting standards?

• A) 2001
• B) 2005
• C) 2009
• D) 2015

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Definitions:

Common Share

A type of equity ownership in a corporation, representing a claim on part of the company’s profits and assets.

Rights Offering

A provision allowing existing shareholders to purchase additional shares at a discount before the stock is offered to the public.

Subscription Price

The fixed price at which shares can be bought as part of a rights issue or initial offering, determined by the issuing company.