The Disclosures IAS 10 Requires for a Material Non-Adjusting Event

question 50

Multiple Choice

The disclosures IAS 10 requires for a material non-adjusting event include:

• A)the financial effect of the event or, where it is not possible to estimate the effect reliably, a statement to that effect.
• B)a description of why the event only came to be known of after reporting date.
• C)details of the corporate governance procedures in place to ensure that further information regarding the event is gathered in a timely fashion.
• D)the financial effect of the event or, where it is not possible to estimate the effect reliably, a statement to that effect and a description of why the event only came to be known of after reporting date.

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Definitions:

General Anesthetic

A drug or agent used to induce loss of consciousness, sensation, and reflexes during surgical procedures.

Muscle Relaxant

A medication or drug that reduces muscle tension and is used in the treatment of muscular spasms and pain.

Therapeutic Life-style

Lifestyle modifications or interventions designed to improve overall health and well-being, often used to support mental health treatment.

Aerobic Exercise

Physical exercise that involves or improves oxygen consumption by the body, enhancing cardiovascular endurance.