Which Statement Is Not True

question 42

Multiple Choice

Which statement is not true?

• A) AASB 1039 Concise Financial Reports has an equivalent international standard.
• B) Shareholders who receive a concise report can request a full report.
• C) The concise report must comply with the accounting standards.
• D) Except for concise reports prepared for listed companies each financial statement must be accompanied by some discussion and analysis.

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Definitions:

Equally Attractive

Describes a scenario in which two or more entities are perceived to have the same level of attractiveness by an observer.

Mere Exposure Effect

A psychological occurrence in which people tend to develop a preference for things merely because they are familiar with them.

Novel Stimuli

New or unfamiliar stimuli that have not been encountered before, often drawing attention and eliciting responses from individuals.

Mere Exposure Effect

This phenomenon describes how people tend to develop a preference for things simply because they are familiar with them.