AASB 107/IAS 7 Encourages, but Does NOT Require, the Disclosure

question 28

Multiple Choice

AASB 107/IAS 7 encourages, but does NOT require, the disclosure of:
I - The amount of undrawn borrowing facilities that may be available for future operating activities and to settle capital commitments, indicating any restrictions on the use of these facilities.
II - The aggregate amount of cash flows that represent increases in operating capacity separately from those cash flows that are required to maintain operating capacity.
III - The amount of the cash flows arising from the operating, investing and financing activities of each reportable segment.
IV - The name(s) of the entity's bankers.

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

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Definitions:

Planned Gathering

An organized event where individuals come together for a specific purpose, often involving coordination and logistics preparation.

Public Place

Any area that is open and accessible to people, such as parks, streets, public squares, and government buildings.

Uniform Commercial Code

The Uniform Commercial Code (UCC) is a comprehensive set of laws that governs all commercial transactions in the United States, intended to standardize and simplify interactions across state lines.

Sale of Services

A sale of services occurs when a transaction is made in which the seller provides a service, such as consultation or maintenance, to the buyer in exchange for payment.