AASB 110 Refers to Subsequent Events That Relate to Conditions

question 8

Multiple Choice

AASB 110 refers to subsequent events that relate to conditions that have arisen after the reporting date.Such events,if they could influence decision making:

• A)must be referred to in a special mail-out to shareholders.
• B)need not be accounted for.
• C)must be disclosed in a footnote to the financial statements.
• D)require adjustments to the figures in the financial statements.

---

Definitions:

Critical Value

A point on the scale of a statistical distribution that corresponds to a specified level of significance, used in hypothesis testing to determine whether to reject the null hypothesis.

Alpha

The significance level in statistical tests, denoting the probability threshold at which the null hypothesis is rejected in favor of the alternative hypothesis.

Chi-Square

A statistical method employed to assess if there is a meaningful association between two variables of categorical type.

Degrees of Freedom (df)

The number of independent values or quantities that can vary in the statistical analysis.