Under APES1 Entities That Will Always Be Reporting Entities and Are

question 2

Multiple Choice

Under APES1 entities that will always be reporting entities and are required to prepare general purpose financial reports include:

• A) family trusts
• B) local government
• C) stock exchange listed companies
• D) both B and C

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Definitions:

Clustered Development

A planning approach that concentrates buildings in specific areas on a site to preserve open space, natural resources, and reduce the footprint of development.

Solar Energy

The radiant energy emitted by the sun, which can be harnessed using technologies such as solar panels to produce electricity.

Urban Sprawl

The uncontrolled expansion of urban areas into surrounding rural areas, resulting in a spread-out or low-density residential development.

Environmental Impact

The effect of human activities on the natural environment, encompassing changes to ecosystems, biodiversity, and natural resources.