What Must Accompany the Claim When a Rarely Used,unusual,variable,or New

question 30

Multiple Choice

What must accompany the claim when a rarely used,unusual,variable,or new service is performed?

• A) A modifier
• B) A special report
• C) A special symbol
• D) An EOB

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Definitions:

AASB 6/IFRS 6

An accounting standard which applies to the exploration and evaluation expenditures incurred by an entity in its exploration for and evaluation of mineral resources.

Industry Specific

Pertaining to conditions or practices unique to a particular industry, trade, or field.

Differential Reporting

Provision within accounting standards or a regulatory framework that facilitates different reporting requirements for different categories of entities.

Accounting Policies

The specific principles, bases, conventions, rules, and practices applied by an entity in preparing and presenting financial statements.