In Relation to Share Capital, IAS 1 Does Not Require

question 25

Multiple Choice

In relation to share capital, IAS 1 does not require disclosure in the financial report of:

• A) the number of shares on issue at the end of the year;
• B) the amount of any over or under subscription of new share issues during the year;
• C) restrictions on dividends payable to certain classes of shareholders;
• D) the total dollar value of share capital at the end of the year.

---

Definitions:

Operations

The day-to-day activities required for continued business functioning, focusing on manufacturing, providing services, or other core business processes.

Social Security Taxes

Taxes collected by the government to fund the Social Security program, which provides retirement, disability, and survivorship benefits.

Medicare Taxes

Taxes deducted from employee paychecks and also matched by employers to fund the Medicare program, a federal health insurance program for individuals who are 65 and older and for some younger people with disabilities.

Accrued Salaries

Salaries that have been earned but not yet paid to employees by the end of an accounting period.