CC Ltd Is an Unlisted Public Company and It Is

question 8

Multiple Choice

CC Ltd is an unlisted public company and it is a non disclosing entity.CC Ltd is not a reporting entity.Under the Corporations Act, CC Ltd must prepare an annual financial report in accordance with:

• A)AASB 101 only
• B)all accounting standards
• C)AASB 101, 107, 108, 1031 and 1048 only
• D)AASB 101, 107 and 108 only

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Definitions:

Sediment

Particles or fragments of rocks, minerals, or organic materials that have been transported and deposited by wind, water, or ice.

Standing Body

Refers to a body of water, such as a lake or pond, that is contained in a basin and does not flow like rivers or streams.

Moving Water

Water that is in motion, flowing naturally in streams, rivers, or artificially through conduits, often utilized for energy production or irrigation.

Turbidity Currents

Underwater currents driven by gravity, carrying suspended sediment along the seabed.