Under IFRS

question 229

Multiple Choice

Under IFRS

• A) comparative prior-period information must be presented, but financial statements need not be provided annually.
• B) comparative prior-period information must be presented, and financial statements must be provided annually.
• C) comparative prior-period information is not required, but financial statements need not be provided annually.
• D) comparative prior-period information is not required, but financial statements must be provided annually.

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Definitions:

Outstanding

Refers to something not yet resolved or paid; in finance, it typically relates to shares issued and still in circulation or debts that have not been settled.

Legal Capital

The portion of a company's equity that cannot legally be distributed to shareholders as dividends, usually related to the par value of common and preferred shares.

Par Value

The nominal or face value of a bond, share of stock, or coupon as stated by the issuer, which does not necessarily reflect market value.

Stock Exchange

A regulated marketplace where securities, such as stocks and bonds, are bought and sold.