According to AASB 1039, How Many of the Following Disclosures $\bullet$

question 13

Multiple Choice

According to AASB 1039, how many of the following disclosures must be made in a concise financial report in order to provide clear information to shareholders?
$\bullet$ Graphs of profits for the last five years
$\bullet$ Details of any changes in accounting policies or estimates
$\bullet$ The amount of dividends paid and dividends declared
$\bullet$ That the report is an extract only from the full financial report

• A) 1
• B) 2
• C) 3
• D) 4

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Definitions:

Market Price

The existing rate for purchasing or selling an asset or service in the market.

Earnings Per Share

A measure of a company's profitability, calculated by dividing the company's profit by the number of outstanding shares of its common stock.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations with its current assets over its current liabilities.

Financial Data

Numerical information reflecting the financial health and operations of a company, including income statements, balance sheets, and cash flow statements.