According to AASB 1039, in Order to Provide Clear Information

question 55

Multiple Choice

According to AASB 1039, in order to provide clear information to shareholders, the concise financial report must disclose which of the following?
I.Gross profit
II.Dividends per share
III. Earnings per share
IV.The capitalisation ratio
V.Changes in accounting policies

• A) I, II and III
• B) II, III and V
• C) III and IV
• D) II and V

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Definitions:

System 2

A term often used in psychology to refer to the deliberate, effortful, and analytical mode of thinking, contrasted with fast, automatic System 1 thinking.

Detrimental Behaviors

Actions or habits that are harmful or disadvantageous to oneself or others.

Hardwired

Referring to inherent features or configurations within a system, device, or organism that are permanently established and not subject to change through external adjustments.

Heuristics

These are rules-of-thumb or shortcuts that simplify decision making and problem-solving, especially in complex situations.