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:

Carbon-Chlorine Bond

A covalent bond between a carbon atom and a chlorine atom, often found in organic chlorine compounds.

Polar

Describes molecules or bonds with an uneven distribution of charge due to differences in electronegativity, leading to partial positive and negative ends.

Tertiary Chloride

A compound featuring a chloride ion (Cl-) attached to a carbon atom, which in turn is connected to three other carbon atoms.

Primary Chloride

A chloride compound where the chlorine atom is bonded to a carbon atom that is itself bonded to no more than one other carbon atom.