The Disclosure Requirements of AASB 124 Are Grouped in Part

question 67

Multiple Choice

The disclosure requirements of AASB 124 are grouped in part by:

• A) currency of transaction-transactions should be grouped by currency of the transaction so that users can identify any forex risk associated.
• B) size-three broad categories of disclosure are required depending on the percentage size of the transaction relative to the turnover of the entity. The categories are 0.5 per cent-9 per cent, 10 per cent-20 per cent, 21 per cent and over.
• C) frequency-transactions repeated during the period are distinguished from one-off transactions.
• D) subsidiaries, associates-joint venturers in which the entity is a joint venturer.

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Definitions:

Diastole

The phase of the cardiac cycle during which the heart relaxes and fills with blood.

Heart Cycle

The sequence of events that occur in the heart during one heartbeat, encompassing both the contraction (systole) and relaxation (diastole) phases.

Relaxation

The act or process of becoming less tense, stressed, or anxious, often involving techniques or activities that promote this state.

Oximetry

A procedure for measuring the oxygen saturation of the blood.