The Disclosure Requirements of IAS 24 Are Grouped in Part

question 44

Multiple Choice

The disclosure requirements of IAS 24 are grouped in part by:

• A)currency of transaction-transactions should be grouped by currency of the transaction so that users can identify any forex risk associated.
• B)size-three broad categories of disclosure are required depending on the percentage size of the transaction relative to the turnover of the entity.The categories are 0.5 per cent-9 per cent, 10 per cent-20 per cent, 21 per cent and over.
• C)frequency-transactions repeated during the period are distinguished from one-off transactions.
• D)subsidiaries, associates-joint venturers in which the entity is a joint venturer.

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Definitions:

Horizontal Line

A horizontal line is a straight line that runs left-to-right across a page or other surface, perpendicular to a vertical line.

Perceptual Organization

The process by which the brain structures sensory stimuli into meaningful patterns and shapes, enabling us to interpret and navigate our environment.

Melodic Refrain

The part of a song or composition that is repeated, often containing the main theme or most memorable melody.

Figure

A numeric symbol or a representation of data in graphical form.