A Food Processor Wants to Make the Following Claim for a Food

question 8

Multiple Choice

A food processor wants to make the following claim for a food product that contains a bioactive compound called compound X: " [state serving size] of [name food] contains 75% of the daily amount of compound X which may reduce the duration of influenza and the common cold.What is the regulatory process?

• A)the food processor can immediately put the claim on food labels but must have evidence for the claim on hand should it be requested by Health Canada.
• B)regardless of the scientific evidence,this type of claim cannot be put on foods sold in Canada.
• C)the food processor must submit the scientific evidence to Health Canada,receive approval from Health Canada for the claim and only after approval is received can the claim be placed on food packages.
• D)the food processor must conduct an intervention trial to prove the claim and submit the results for approval to Health Canada and only after approval is received can the claim be placed on food packages.

Comprehend the requirements for segment disclosure in consolidated and parent entity financial statements.

Grasp the differences in prescriptiveness and disclosure requirements between AASB 114 and AASB 8/IFRS 8.

Learn the disclosure requirements under AASB 8/IFRS 8 related to segment reporting.

Identify the entities to which AASB 8/IFRS 8 applies and understand early adoption provisions.

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Definitions:

Alpha-Fetoprotein (AFP)

A protein produced by the liver and yolk sac of a fetus during pregnancy, levels of which are sometimes measured to assess the health of the unborn baby.

Neural Tube Defects

Birth defects of the brain, spine, or spinal cord occurring during embryonic development, often resulting in conditions like spina bifida.

Screening Test

Preliminary tests designed to identify individuals at high risk for certain conditions or diseases before symptoms appear.

Amniocentesis

The use of a needle to withdraw amniotic fluid from the amniotic sac.