According to AASB 3 Business Combinations,the Key Principle Relating to the Disclosure

question 20

Multiple Choice

According to AASB 3 Business Combinations,the key principle relating to the disclosure of information about business combinations is to disclose information that:

• A)enables financial statement users to evaluate the nature and financial effect of business combinations that occurred during the reporting period.
• B)enables the preparation of the consolidated financial statements in the most cost-effective manner.
• C)does not give an advantage to the competitors of a consolidated group.
• D)provides financial statement users with information about the parent entity only.

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Definitions:

Poverty

A state of economic deprivation, lacking sufficient financial resources to meet basic living expenses.

Job Stress

The physical and emotional response that occurs when the requirements of a job do not match the capabilities, resources, or needs of the employee.

Blue Eye-Brown Eye Project

A famous exercise in discrimination conducted by teacher Jane Elliott to teach her students about racism by dividing them based on eye color.

Jane Elliott

Jane Elliott is an American schoolteacher known for her "blue eyes–brown eyes" exercise, which she developed to illustrate the effects of racism and prejudice to her students following the assassination of Martin Luther King Jr.