Which of the Following Note Disclosures Are NOT Required by AASB

question 23

Multiple Choice

Which of the following note disclosures are NOT required by AASB 101?

• A) Sources of estimation uncertainty in relation to impairment of assets.
• B) Dividends declared after end of reporting period but before the financial statements are authorised for issue.
• C) The country of incorporation of the entity.
• D) The names and qualifications of all directors of the entity.

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Definitions:

Machine-Hours

The total duration of operation for machinery within a specified timeframe, used in cost and efficiency analysis.

Selling Price

The amount of money a customer pays for a particular product or service.

Unit Product Costs

The total cost associated with producing one unit of a product, including direct materials, direct labor, and overhead.

Markup

The amount added to the cost of goods to determine their selling price, typically expressed as a percentage of the cost.