IFRS 8 Requires the Disclosure of Certain Key Information Such

question 4

Multiple Choice

IFRS 8 requires the disclosure of certain key information such as an organization's major customers and geographic areas of operations. Why are these disclosures required?

• A)To demonstrate that the chief operating decision-maker has made prudent decisions
• B)To allow users to assess potential business risks
• C)To provide sufficient information to creditors
• D)To allow users to see that the poor performance of one segment is usually offset by the good performance of other segments

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Definitions:

H-band

A region within the sarcomere of striated muscle fibers that shortens during muscle contraction and is situated between the filaments of actin and myosin.

Glycerinated Muscle Fibers

Muscle fibers treated with glycerol to remove cellular contents while preserving the structure, used in experiments to study muscle contractions.

ATP

Adenosine triphosphate, a molecule that carries energy within cells for metabolism.

Slow-oxidative Fibers

Muscle fibers that contract slowly and are highly resistant to fatigue, relying on aerobic respiration to provide energy for prolonged activities.