Which of the Following Commitments Would Not Require Disclosure in the Financial

question 50

Multiple Choice

Which of the following commitments would not require disclosure in the financial statement notes?

• A)Major property, plant and equipment expenditures.
• B)Payments under non-cancellable operating leases.
• C)Large purchases of materials from a regular supplier
• D)Commitments involving significant risk.

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Definitions:

Mastery-oriented

An approach or attitude focused on learning, understanding, and mastering skills or knowledge, rather than merely achieving good grades or ratings.

Performance Goals

Objectives aimed at demonstrating competence or achieving a standard of excellence in a task.

Learning Goals

Learning goals are specific objectives or skills that learners aim to achieve through a course of study, often used to guide educational activities and assessments.

Reformulated Learned Helplessness

An updated theory on learned helplessness that incorporates the role of attributions in determining how individuals perceive and respond to events of a lack of control.