Which of the Following Statements Is True in Accordance with AASB

question 2

Multiple Choice

Which of the following statements is true in accordance with AASB 133?

• A) If a bonus or rights issue is made at the prevailing market price of the shares, then there is no bonus element in the issue.
• B) An entity is required to disclose earnings per share even though a loss has been made for the period.
• C) All reporting entities are required to disclose earnings per share and diluted earnings per share in the notes to the accounts.
• D) An entity is required to disclose earnings per share on the face of the statement of comprehensive income.

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Definitions:

Internal Sphincter

A circular muscle that helps control the expulsion of contents within an organ system, often found in the digestive and urinary systems.

Higher Brain Centers

Regions of the brain responsible for complex functions such as decision making, reasoning, processing emotions, and controlling sophisticated behaviors.

Filtration Membrane

A semipermeable barrier that separates particles in a fluid, commonly found in the kidneys for waste removal from the blood.

Bowman Capsule

The Bowman capsule is a cup-like sack at the beginning of the tubular component of a nephron in the kidney, enclosing the glomerulus and involved in filtration.