AASB 110 requires additional disclosures in which of the following situations?
A) Related party transactions that affect the ability of the entity to trade profitably and that occur after reporting date.
B) Any event that occurs after the reporting date that would cause the entity no longer to be considered a going concern.
C) Any event likely to have a material effect that occurs after the directors have signed the Directors' Declaration.
D) Material changes to the dividends proposed for the following period that occurs after reporting date.
E) None of the given answers.

Question

Quizplus · Accepted Answer

AASB 110 requires disclosure of events after the reporting period that affect the entity's ability to continue as a going concern, as these are considered adjusting events that provide evidence of conditions that existed at the end of the reporting period.

AASB 110 Requires Additional Disclosures in Which of the Following