IAS 10 Requires Additional Disclosures in Which of the Following

question 38

Multiple Choice

IAS 10 requires additional disclosures in which of the following situations?

• A)related party transactions that affect the ability of the entity to trade profitably and that occur after reporting date
• B)any event that occurs after the reporting date that would cause the entity to no longer be considered a going concern
• C)any event likely to have a material effect that occurs after the directors have signed the Directors' Report
• D)material changes to the dividends proposed for the following period that occurs after reporting date

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Definitions:

Divergently

Thinking or acting in a way that moves or extends in different directions from a common point; typically associated with creative or unconventional problem-solving.

Personal Care Products

Various consumer items intended for personal hygiene, grooming, or beautification.

Idea Quotas

Pre-determined objectives that specify a certain number of ideas a person must generate within a given time frame.

Product Innovations

The introduction of new or significantly improved goods or services that provide novel benefits or additional value to consumers.