Under AASB 1039 and the Corporations Act, Which of These

question 39

Multiple Choice

Under AASB 1039 and the Corporations Act, which of these does not have to be included in a concise financial report?

• A) Notes to the financial statements
• B) Directors report
• C) Statement of cash flows
• D) A copy of any qualification in the auditor's report

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Definitions:

Contract

A legally binding agreement between two or more parties that is enforceable by law.

Annually

Pertaining to something that occurs once every year or relating to a period of one year.

Line of Credit

A flexible loan arrangement with a bank or lender, allowing the borrower to draw funds as needed up to a certain limit.

Simple Interest

Interest assessed only on the original investment, without consideration for compounding.