AASB 102 Requires Among Others Disclosure of Which Information

question 28

Multiple Choice

AASB 102 requires among others disclosure of which information:

• A) Accounting policy adopted for measuring inventories.
• B) Carrying amount of inventories for each classification of inventory appropriate to the entity.
• C) Amount of any write-down during the period.
• D) All of the given answers.
• E) Carrying amount of inventories pledged for liabilities.

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Definitions:

Issued at Discount

When a bond or other security is sold for less than its face value.

Semiannually

Referring to an event or action that takes place twice every year, often at six-month intervals.

Par

The face value of a bond or stock as stated by the issuing company, which may differ from its market value.

Face Value

The nominal value printed on a financial instrument, such as a bond or a stock certificate.