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- IAS 10 – Events After the Reporting Period 0%
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Question 1 of 10
1. Question
The revised IAS 10 states that if an entity declares dividends after the reporting period, the entity __________ those dividends as a liability at the end of the reporting period.
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Question 2 of 10
2. Question
Which of the following is not an objective of IAS 10?
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Question 3 of 10
3. Question
IAS 10 requires that an entity should not prepare its financial statements on a going concern basis if events after the reporting period indicate that the going concern assumption is not appropriate.
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Question 4 of 10
4. Question
IAS 10 shall be applied in the accounting for, and disclosure of, events __________ the reporting period.
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Question 5 of 10
5. Question
Events after the reporting period are __________ events that occur between the end of the reporting period and the date when the financial statements are authorised for issue.
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Question 6 of 10
6. Question
Which types of events does IAS 10 identify?
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Question 7 of 10
7. Question
Upon which of the following is not considered part of the variable process involved in authorising the financial statements for issue?
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Question 8 of 10
8. Question
An entity is required to submit its financial statements to its shareholders for approval after the financial statements have been issued. In this case, which of the following is the date financial statements are authorised for issue?
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Question 9 of 10
9. Question
The management of an entity is required to issue its financial statements to a supervisory board (made up solely of non-executives) for approval. In this case, which of the following is the date financial statements are authorised for issue?
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Question 10 of 10
10. Question
Events after the reporting period include all events up to the date when the financial statements are authorised for issue, __________ those events occur after the public announcement of profit or of other selected financial information.
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