AASB 101 Requires That Information in Relation to Dividends Paid

question 24

Multiple Choice

AASB 101 requires that information in relation to dividends paid or declared during the year be disclosed in:

• A) either the statement of changes in equity or the notes to the financial statements.
• B) the statement of changes in equity only.
• C) the notes to the financial statements only.
• D) the statement of comprehensive income.

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Definitions:

Just-in-time (JIT)

A production and inventory strategy that manufactures or acquires goods only as needed for immediate use, reducing waste and improving efficiency.

Order-to-delivery

The comprehensive process from the moment an order is placed until it is delivered to the customer.

Inventory Control

The systematic approach to ordering, storing, and using a company's inventory, ensuring adequate supply without excessive oversupply.

Quick Response System

A management approach designed to increase the efficiency of inventory management by reducing lead times and thus responding faster to market demand.