AASB 141/IAS 41 Requires Disclosure of Which of the Following

question 14

Multiple Choice

AASB 141/IAS 41 requires disclosure of which of the following?
I - Aggregate gain or loss on initial recognition of biological assets.
II - Fair value of agricultural produce harvested during the period, at point of harvest.
III - Fair value changes attributable to physical changes.
IV - Fair value changes attributable to price changes.

• A) I and II only .
• B) I, II and III only.
• C) II, III and IV only.
• D) I, II, III and IV.

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Definitions:

Discrimination

Treating people differently because of prejudice toward the social group to which they belong.

Nonconformity

Nonconformity refers to the refusal to align with the established or expected norms, rules, or laws of a group or society.

Situational Attribution

The process of attributing a person's behavior to external or situational factors rather than to internal characteristics.

Inept

Lacking in skill or ability; unsuitable or incapable of dealing with a situation effectively.