If an Entity Chooses to Apply the Disclosure Exemption in Paragraph

question 7

Multiple Choice

If an entity chooses to apply the disclosure exemption in paragraph 25 of AASB 124, it is still required to do the followings, except:

• A) disclose the nature of the relationship with the government-related entities;
• B) identify the government to which it is related;
• C) the nature and amount of every transaction with government-related entities;
• D) a qualitative or a quantitative indication of the extent of other transactions that are collectively significant.

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Definitions:

Negative

In mathematics or statistics, indicating a value less than zero or having a detrimental effect in a specific context.

Regression Model

A statistical technique that models and analyzes the relationships between a dependent variable and one or more independent variables.

Dependent Variable

The variable in an experiment or model that is expected to change in response to changes in the independent variable.

Independent Variable

The variable in an experiment that is manipulated or changed by the researcher to observe its effects on the dependent variable.