According to AASB 1039, in Order to Provide Clear Information

question 43

Multiple Choice

According to AASB 1039, in order to provide clear information to shareholders, the concise financial report must disclose how many of the following?
Gross profit
Dividends per share
Earnings per share
The capitalisation ratio
Changes in accounting policies

• A) 2
• B) 3
• C) 4
• D) 5

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Definitions:

Insurance Contracts

Agreements between an insurer and the insured, where the insurer agrees to compensate the insured for loss under specific circumstances in exchange for a premium.

Fire and Theft

Refers to a type of insurance coverage that protects against the specific losses of fire damage and theft.

Victims

Individuals who suffer harm as a result of criminal activity, negligence, or another wrongful action.

Last Clear Chance Doctrine

A largely outdated principle of torts that the last person capable of avoiding the accident is wholly responsible.