Which of These Is NOT a Requirement for an Entity

question 6

Multiple Choice

Which of these is NOT a requirement for an entity reporting in a currency of a hyperinflationary economy?

• A)The financial statements should be stated in terms of a measuring unit current at the date of current statement of financial position date
• B)Past corresponding financial statements should be stated in terms of a measuring unit which was current at the date of current statement of financial position date
• C)Gain or loss on the net monetary position should be included in profit or loss and separately disclosed
• D)The accounts should be completed in both the functional & presentation currencies.

---

Definitions:

Animal Researchers

Scientists who conduct experiments and studies focused on understanding the behaviors, physiology, and genetics of animals.

Government Regulations

Laws and rules established by authorities to control or govern conduct within certain domains.

Humane Care

Providing care that is compassionate and respects the dignity of individuals, animals, or the environment, often emphasizing kindness and empathy.

Manipulate People

The act of influencing or controlling others in a skillful or sometimes unethical manner, often without their awareness or consent.