Which of the Following Disclosures on Key Management Personnel Is/are

question 56

Multiple Choice

Which of the following disclosures on key management personnel is/are required in AASB 124 for disclosing entities?

• A) Name of the person.
• B) Position held.
• C) Qualification(s) of the person.
• D) All of the given answers.
• E) Name of the person and position held.

---

Definitions:

Inflation Rates

Inflation rates measure the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

Four-Year Loan

This is a loan that has a term or maturity of four years from the date of initiation, requiring repayment over that time frame.

Interest Rate

The interest rate is the percentage charged on the total amount of borrowed money or paid on invested capital, reflecting the cost of borrowing or the return on investment.

Inflation Adjustment

A change made to financial figures to account for the effects of inflation and maintain the purchasing power of money over time.