Which of the Following Statements Is Incorrect

question 5

Multiple Choice

Which of the following statements is incorrect?

• A) The concise report must comply with the accounting standards.
• B) Shareholders who receive a concise report can request a full report.
• C) AASB 1039 Concise Financial Reports has an equivalent international standard.
• D) Except for concise reports prepared for listed companies each financial statement must be accompanied by some discussion and analysis.

---

Definitions:

Average Scores

The mean or arithmetic average derived from adding a set of numerical values and dividing by the number of values.

Inferential Statistics

Involves using data from a sample to make estimates and test hypotheses about the characteristics of a larger population.

Descriptive Statistics

Statistical techniques that summarize, describe, and present data in an informative way, often through measures of central tendency and variability.

Inferential Statistics

A branch of statistics that infers properties of an underlying distribution from a sample, allowing for predictions and conclusions about a population.