IAS 10 Specifies That Adjusting Events Should Be Considered Against

question 49

Multiple Choice

IAS 10 specifies that adjusting events should be considered against two criteria to determine their treatment.The two criteria are:

• A)(a) provides an indication that conditions may have existed at reporting date; or (b) reveals additional solid evidence of a condition that existed at reporting date.
• B)(a) provides additional evidence of conditions that existed at the date the audit report was signed; or (b) reveals for the first time a condition that existed at date of completion.
• C)(a) provides an indication that conditions may have existed at date of completion; or (b) reveals additional solid evidence of a condition that existed at date of completion.
• D)(a) provides additional evidence of conditions that existed at reporting date; or (b) reveals for the first time a condition that existed at reporting date.

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Definitions:

Bipolar Cell

A type of neuron found in the retina that plays a role in the transmission of visual information from photoreceptors to ganglion cells.

Spontaneous Rate

In neuroscience, it refers to the baseline firing rate of a neuron when not being stimulated.

Trichromatic Theory

A theory of color vision stating that the human eye has three types of receptors with differing sensitivities to different light wavelengths.

Opponent-process Theory

A psychological and neurological model that describes how contrasting colors, emotions, and states are regulated in the human body, stating that the activation of one process automatically triggers the suppression of its opposite.