Under IAS 1/AASB 101 Which of These Is Most Likely

question 29

Multiple Choice

Under IAS 1/AASB 101 which of these is most likely to be classified as a non-current asset?

• A) Deferred tax
• B) Inventories
• C) Goodwill
• D) Long-term borrowings

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Definitions:

Work Behavior

The actions and activities of employees or organizational members while at work, which can be influenced by various factors including corporate culture and individual ethics.

Charismatic Leaders

Individuals who inspire, motivate, and potentially exert a strong personal influence on their followers through their personal vision, eloquence, or personal example.

Spheres of Influence

Areas or fields in which a country, organization, or individual has significant power or influence over decisions, actions, and developments.

Ethical Issue

A problem or situation that requires a person or organization to choose between alternatives that must be evaluated as right (ethical) or wrong (unethical).