Under AASB 110 There Are Two Types of Post Reporting

question 13

Multiple Choice

Under AASB 110 there are two types of post reporting date events, described as:

• A)type I and type II post reporting date events
• B)those relating to the company and those not relating to the company
• C)those relating to adjusting events and those relating to non adjusting events
• D)complete and incomplete post reporting date events

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Definitions:

Reddish Streak

The color mark left by a mineral when it is dragged across an unglazed porcelain plate.

Hematite

An iron oxide mineral that is one of the main ores of iron, recognized by its reddish-brown color.

Magnetite

A naturally occurring magnetic mineral, consisting of iron oxide, often mined as an iron ore.

Perpendicular Directions

This refers to two lines or directions that intersect at a 90-degree angle.