What Is the Correct Heading on a Statement of Financial

question 2

Multiple Choice

What is the correct heading on a statement of financial position made up to 30 June 2016?

• A) As at 30 June 2016
• B) For the year ended 30 June 2016
• C) For the period ended 30 June 2016
• D) 30^th June 2016

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Definitions:

Elaborative Rehearsal

A memory technique that involves thinking about the meaning of the term to be remembered, as opposed to simply repeating the word to yourself over and over.

Long-term Storage

The part of memory where information is stored for extended periods of time, potentially for a lifetime.

Recency Effect

The psychological phenomenon where the most recently presented items or experiences are most likely to be remembered.

Short-term Storage

A part of the memory system where information is held temporarily for a short period, typically seconds to minutes.