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:

Task Identity

The extent to which a job involves completing a whole and identifiable piece of work, giving the worker a sense of accomplishment.

Task Significance

The degree to which a job has a substantial impact on the lives or work of other people within or outside the organization.

Performance Feedback

Information provided to individuals or groups regarding their performance or behavior with the intention to improve their effectiveness or efficiency.

Developmental Feedback

Constructive feedback provided to individuals to support their professional growth and development.