AASB 121 Requires That the Financial Report Disclose Which of the Following

question 8

Multiple Choice

AASB 121 requires that the financial report disclose which of the following?

• A)The net exchange differences recognised in OCI and accumulated in a separate component of equity.
• B)The amount of exchange differences recognised in the profit or loss for the period other than those that relate to financial instruments measured at fair value through profit or loss.
• C)Any change in functional currency and reason for change.
• D)All of the above.

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Definitions:

Brand Name Drugs

Medications sold under a proprietary, trademarked name, as opposed to their generic equivalents.

Medigap

Private insurance to supplement Medicare benefits for payment of the deductible, co-payment, and coinsurance.

Medicare Benefits

Government-funded health insurance benefits available to eligible individuals, typically those who are 65 or older, or those with certain disabilities.

Coinsurance

A percentage that a patient is responsible for paying for each service after the deductible has been met.