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NEW QUESTION 52
According to the IASB's Conceptual Framework, the key reason general purpose financial statements are produced is to satisfy the information needs of
- A. employees.
- B. capital providers.
- C. management.
- D. internal users.
Answer: B
NEW QUESTION 53
XYZ Ltd is listed on the Australian Securities Exchange (ASX). Which one of the following reports is the company required to prepare as a part of its annual financial report?
- A. corporate governance statement
- B. management commentary
- C. sustainability report
- D. chairman's statement
Answer: A
NEW QUESTION 54
A decrease in assets is most likely to be recognised in the financial report as
- A. a change in equity.
- B. revenue earned.
- C. an expense.
- D. a liability.
Answer: C
NEW QUESTION 55
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