The Companies Act Requires Which of the Following to Be

question 27

Multiple Choice

The Companies Act requires which of the following to be included in a Directors' Responsibilities statement?
I.State whether in their opinion the financial statements comply with accounting standards and the Corporations Act.
II.State whether in their opinion the financial statements give a true and fair view of the financial position and financial performance of the entity.
III.State whether or not in their opinion,when the declaration was made,there were reasonable grounds to believe that the company would be able to pay its debts as they become due.
IV.State details of directors' emoluments.
V.State principal activities of the entity.

• A)All of the given answers are correct.
• B)I, II and III only
• C)I, II, III and IV only
• D)IV and V only

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Definitions:

Vulnerability

The state in which there is a risk of encountering harm or assault, emotionally or physically.

Social Trigger

An environmental or interpersonal stimulus that influences one's emotional state or behavior.

Reuptake

A process in neurotransmission where neurotransmitters released into the synaptic gap are reabsorbed back into the pre-synaptic neuron, affecting the intensity and duration of neurotransmission.

Synapse

The junction between two neurons or a neuron and a muscle cell where electrical or chemical signals are transmitted across the gap.