The ASX Listing Rules Include Two Mandatory Requirements Relating to Their

question 23

Multiple Choice

The ASX listing rules include two mandatory requirements relating to their corporate governance guidelines.These include a requirement:

• A) that the top 500 companies have an audit committee
• B) that the top 300 companies have an audit committee
• C) that all listed companies have an audit committee
• D) that the top 500 companies have an independent audit committee

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Definitions:

Residual Income

Income that continues to be generated after the initial effort has been expended, often used in personal finance and corporate finance to denote surplus cash flows.

Invested Assets

Invested assets refer to the resources that have been allocated by an individual or company toward investments with the expectation of generating future profits.

Total Assets

The sum of all resources controlled by a company as a result of past transactions, expected to provide future economic benefits, including both current and non-current assets.

Transfer Price

The price at which goods and services are sold between divisions within the same company.