The Corporations Act Requires Which of the Following to Be

question 56

Multiple Choice

The Corporations Act requires which of the following to be included in a Directors' Declaration?
I.State whether in their opinion the financial statements comply with accounting standards and the Corporations Act.
II.State whether in their opinion the financial statements give a true and fair view of the financial position and financial performance of the entity.
III.State whether or not in their opinion,when the declaration was made,there were reasonable grounds to believe that the company would be able to pay its debts as they become due.
IV.State details of directors' emoluments.
V.State principal activities of the entity.

• A) All of the given answers are correct.
• B) I, II and III only
• C) I, II, III and IV only
• D) IV and V only

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Definitions:

Health Care Organizations

Entities that provide medical services, manufacture medical equipment or drugs, provide medical insurance, or otherwise facilitate the provision of healthcare to patients.

People-Centered Manager

A management approach focusing on valuing and developing employees, recognizing their contributions, and putting their needs and well-being at the forefront of decision making.

Necessary Work

Tasks or jobs that must be completed for the operations of an organization or for the completion of a project.

Greatly Varying Education

Describes a wide range of educational backgrounds among individuals in a group or population.