According to AASB 102 Material Information Relating to Which of the Following

question 14

Multiple Choice

According to AASB 102 material information relating to which of the following must be disclosed?

• A) the carrying amount of closing inventories included in equity accounted profits
• B) the carrying amount of inventories classified as non-current assets
• C) the aggregate amount of inventory recorded at recoverable amount
• D) the carrying amount of inventories revalued upwards as at the end of the period

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Definitions:

Government Officials

Individuals who hold positions of authority within government institutions, responsible for making and implementing public policies and laws.

Immigration Policies

Governmental rules and regulations that determine who can enter, stay, or become a citizen of a country.

Immigrant Culture

The collective social behaviors, traditions, and expressions carried by immigrants to a new region, blending with or remaining distinct within the host culture.

Economic Success

The achievement of financial prosperity, stability, and growth by an individual, organization, or country.