The Practice by Woolworths Ltd of Presenting Their Financial Statements

question 27

Multiple Choice

The practice by Woolworths Ltd of presenting their financial statements in millions of dollars is an application of the concept of:

• A) relevance
• B) materiality
• C) understandability
• D) prudence.

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Definitions:

Peroneal

Associated with the fibula.

Femoral

Pertaining to the femur or thigh, the longest and strongest bone in the human body.

Cervical Plexus

A network of nerves in the neck that supplies movement and sensation to the neck, shoulders, and upper chest.

Brachial Plexus

A network of nerves that originates in the neck region and supplies nerve energy to the shoulders, arm, forearm, hand, and fingers.