Which of the Following Disclosures Are Optional Under AASB 112

question 4

Multiple Choice

Which of the following disclosures are optional under AASB 112?

• A) The major components of income tax expense.
• B) The aggregate current tax or deferred tax that arises relating to items that are charged or credited directly to equity.
• C) The amount of deductible temporary differences and unused tax losses, for which no deferred tax asset is recognised in the statement of financial position.
• D) A numerical reconciliation between the average effective tax rate and the applicable tax rate, disclosing also the basis of calculating the applicable tax rate.

---

Definitions:

Vertical Differentiation

Vertical differentiation refers to the way products or services vary in quality and price, allowing businesses to target different market segments based on consumers' willingness to pay.

Actual Society

Refers to the existing societal conditions at any given time, including its structures, norms, and dynamics.

Structural Functionalism

A sociological perspective focusing on how the various parts of a society are necessary for the survival of the society as a whole.

Conflict Theory

A perspective in sociology that emphasizes the social, political, or material inequality of a social group, critiquing the broad socio-political system.