Which of the Following Is Excluded from the Scope of AASB

question 13

Multiple Choice

Which of the following is excluded from the scope of AASB 139?

• A) A lease renewal option within a lease agreement.
• B) A contract for contingent consideration receivable in a business combination covered by AASB 3.
• C) An investment in a controlled entity accounted for at cost in the investor's separate consolidated financial statements.
• D) Loan commitments that cannot be settled in cash or another financial instrument.

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Definitions:

Biceps Femoris

A muscle in the thigh part of the hamstring group, involved in knee flexion and hip extension.

Rectus Femoris

A muscle in the quadriceps group that extends the leg at the knee and assists in hip flexion.

Antagonist

A substance that interferes with or inhibits the physiological action of another, often referring to muscles or drugs.

Biceps Femoris

A muscle of the posterior thigh compartment, important in knee flexion and thigh extension, part of the hamstrings group.