In the Case of a Non-Adjusting Event,AASB 110 Requires It

question 53

Multiple Choice

In the case of a non-adjusting event,AASB 110 requires it to be:

• A) reflected in the financial information in the statements if it is material and relates to an item that would normally be reflected in the financial statements.
• B) disclosed by way of note if it is material.
• C) disclosed as a contingent liability, if an unfavourable material event.
• D) reflected in the financial statements, if an unfavourable material event; disclosed by way of note, if a favourable event.

---

Definitions:

Sexual Partners

Individuals with whom a person has engaged in sexual activities, considered in various contexts including health, social, and psychological studies.

Bulimics

Refers to individuals who suffer from bulimia nervosa, an eating disorder characterized by episodes of binge eating followed by methods to avoid weight gain, such as purging.

Anorexics

Individuals who suffer from anorexia nervosa, an eating disorder characterized by an intense fear of gaining weight and a distorted body image.

Intrinsic Motivation

Intrinsic motivation refers to the drive to engage in an activity for its own sake, derived from personal satisfaction or interest, rather than external rewards.