According to AASB 1039,in Order to Provide Clear Information to Shareholders

question 23

Multiple Choice

According to AASB 1039,in order to provide clear information to shareholders the concise financial report must disclose how many of the following?
.Gross profit
.Dividends per share
.Earnings per share
.Sales revenue
.Changes in accounting policies

• A)2
• B)3
• C)4
• D)5

---

Definitions:

Moral-Hazard

A situation where one party is more likely to take risks because the consequences of those risks will be felt by another party.

Principal-Agent Problem

A dilemma arising from a conflict of interest between a principal (someone who entrusts a task) and an agent (the one performing the task), where the agent may not act in the best interest of the principal.

Behavioral Asymmetry

A situation in economic or psychological contexts where individuals or entities exhibit uneven or unequal behavioral responses under similar circumstances.

Economics

The study of how society manages its scarce resources.