The Disclosures AASB 110 Requires for Material Non-Adjusting Events Include

question 8

Multiple Choice

The disclosures AASB 110 requires for material non-adjusting events include:

• A) a description of each event.
• B) a statement that the financial effect of each event has been recognised and a measure of the size of that effect in the financial statements.
• C) a statement that the event occurred after reporting date.
• D) all of the given answers.

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Definitions:

Social Value

The importance or beneficial impact of an action, policy, or practice on the well-being and functioning of a society or community.

Human Health

The state of physical, mental, and social well-being in individuals, not merely the absence of disease or infirmity.

Anthropogenic

Originating in human activity, commonly used in the context of environmental science to describe effects or processes that result from human influence on the natural world.