AASB 110 Requires Additional Disclosures in Which of the Following

question 20

Multiple Choice

AASB 110 requires additional disclosures in which of the following situations?

• A) Related party transactions that affect the ability of the entity to trade profitably and that occur after reporting date.
• B) Any event that occurs after the reporting date that would cause the entity no longer to be considered a going concern.
• C) Any event likely to have a material effect that occurs after the directors have signed the Directors' Declaration.
• D) Material changes to the dividends proposed for the following period that occurs after reporting date.
• E) None of the given answers.

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Definitions:

Postabsorptive State

The metabolic period occurring after the complete digestion and absorption of a meal, when the body begins utilizing stored nutrients for energy.

Glycogen

A large, branched polysaccharide made of glucose molecules, serving as a form of energy storage in humans, animals, fungi, and bacteria.

Glucose

An elementary sugar which is a significant source of energy within living beings and is involved in the formation of lots of carbohydrates.

Primary Energy Source

The main fuel used by cells to generate ATP, such as glucose in humans for aerobic metabolism.