Under AASB 101 Which of the Following Is Not Required

question 18

Multiple Choice

Under AASB 101 which of the following is not required to be disclosed in relation to owners' equity:

• A)the proportion of each class of shares listed for trading on a stock exchange
• B)the number of fully paid shares and the number of partly paid shares
• C)for each class of shares, the rights to participate in dividends
• D)a reconciliation of the number of shares issued at the beginning and end of the reporting period

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Definitions:

Prices

The cash amount one needs to spend to obtain a good, service, or asset.

Marginal Cost

The uptick in cumulative expenses that comes from producing an additional unit of a product or service.

Total Revenue

The total receipts from sales of a given quantity of goods or services.

Marginal Revenue

The supplementary financial gain obtained through the sale of one more unit of a good or service.