Which Describes How to Document a Number Less Than 1

question 81

Multiple Choice

Which describes how to document a number less than 1?

• A) Place a zero after the last digit.
• B) Place a zero before the first digit.
• C) Place a zero before the decimal point.
• D) Place a zero after the decimal point.

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Definitions:

AASB 8/IFRS 8

Operating Segments, a standard that requires entities to disclose information about their operating segments, products, services, and geographical areas.

Disclosure Requirements

Rules and regulations that mandate the release of all relevant financial information that could influence the decision-making process of investors, stakeholders, and the public.

Reportable Segments' Revenue

The revenue generated from different segments of a business that meets certain criteria making it significant enough to require separate disclosure in financial reports.

Entity's Revenue

The total amount of income generated by a company from its normal business operations.