Items Required to Be Disclosed in Summary Form for Jointly

question 53

Multiple Choice

Items required to be disclosed in summary form for jointly controlled entities are required by AASB 131 to be:

• A) Disclosed separately for each jointly controlled operation in which the reporting entity has an interest.
• B) Provided in a 5-year comparative format.
• C) Used as a basis for calculating key ratios specified in the Standard that are to be disclosed along with the summary statement.
• D) Disclosed in aggregate for jointly controlled entities in which the reporting entity has an interest.
• E) All of the given answers.

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Definitions:

Waste Water Management

The process of treating and managing wastewater to minimize its adverse effects on human health and the environment.

Wastewater Lagoons

Artificial ponds designed for the treatment and settling of wastewater through natural processes such as microbial degradation, allowing for the removal of pollutants before discharge to the environment.

Sewer Lines

Pipelines specifically designed for the transportation of wastewater from homes and businesses to treatment facilities.

Solar Disinfection

A method of treating water to make it safe to drink by exposing it to sunlight, which uses UV radiation to destroy harmful pathogens.