Multiple Choice
Which of the following is not an example of an assumption that must be disclosed under AASB 101/IAS 1 Presentation of Financial Statements when future-oriented estimates are necessary to measure the recoverable amount of assets?
A) Useful lives
B) Future interest rates
C) Future changes in salaries
D) Future bad debts
Correct Answer:
Verified
Correct Answer:
Verified
Q27: A reporting entity must disclose somewhere in
Q28: Which of the following is not included
Q29: According to AASB 101/IAS 1 Presentation of
Q30: Although currently voluntary, it is likely that
Q31: Categorising expenses as distribution costs and administration
Q33: The term 'finance costs' is synonymous with:<br>A)
Q34: One of the primary objectives of the
Q35: Revenue arises from a company's ordinary activities.
Q36: Which of the following statements is incorrect?<br>A)
Q37: Which of the following items must be