AASB 110 Requires Additional Disclosures in Which of the Following

question 20

Multiple Choice

AASB 110 requires additional disclosures in which of the following situations?

• A) Related party transactions that affect the ability of the entity to trade profitably and that occur after reporting date.
• B) Any event that occurs after the reporting date that would cause the entity no longer to be considered a going concern.
• C) Any event likely to have a material effect that occurs after the directors have signed the Directors' Declaration.
• D) Material changes to the dividends proposed for the following period that occurs after reporting date.
• E) None of the given answers.

---

Definitions:

Fourth Amendment

An amendment to the United States Constitution that provides protection against arbitrary searches and seizures, requiring any warrant to be judicially sanctioned and supported by probable cause.

Bill of Rights

A fundamental document or section of a constitution that outlines and guarantees the rights and freedoms of individuals.

First Ten Amendments

Known as the Bill of Rights, these amendments to the U.S. Constitution grant fundamental rights and protections to American citizens.

Government Regulation

The establishment of laws and rules by government bodies intended to control or govern conduct and ensure the public's welfare.