Items Required to Be Disclosed in Summary Form for Jointly

question 53

Multiple Choice

Items required to be disclosed in summary form for jointly controlled entities are required by AASB 131 to be:

• A) Disclosed separately for each jointly controlled operation in which the reporting entity has an interest.
• B) Provided in a 5-year comparative format.
• C) Used as a basis for calculating key ratios specified in the Standard that are to be disclosed along with the summary statement.
• D) Disclosed in aggregate for jointly controlled entities in which the reporting entity has an interest.
• E) All of the given answers.

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Definitions:

Mesoamerican

Pertaining to the region and cultures of central and southern America before the Spanish conquest, including the Maya, Aztec, and Olmec civilizations.

Quetzalcoatl

A Mesoamerican deity whose name means 'Feathered Serpent,' revered in various cultures such as the Aztec and Maya, symbolizing fertility, creativity, and the cosmic.

Maya Art

Represents the art of the Maya civilization, notable for its intricate sculptures, paintings, and architectural achievements, deeply intertwined with their cultural and religious practices.

Ceremonial Centers

Centralized areas within ancient civilizations used for rituals, ceremonies, and communal gatherings, often featuring significant architectural structures.