In the IFRS,in Addition to the Five Financial Statements,companies Provide

question 49

Multiple Choice

In the IFRS,in addition to the five financial statements,companies provide ________ with further details on the information provided in the statements.

• A) pro forma statements
• B) statements of cash used and sources
• C) extensive notes
• D) ratio analysis

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Definitions:

Conglomeration

The process or result of the combination of multiple businesses, operating in diverse industries, under one corporate group.

Cross-Media Control

Involves the ownership and management of multiple types of media outlets, including television, radio, newspapers, and online platforms, by a single entity.

Sourcing

The process of finding and acquiring goods, services, or information from external suppliers or sources.

Press Releases

Written or recorded communication directed at members of the news media for the purpose of announcing something purportedly newsworthy.