Disclosures required by AASB 110 relating to subsequent events that impact on the going-concern status of the entity include:
A) The period over which the entity is expected to be able to continue trading.
B) Assets for which the going-concern basis is not appropriate, the carrying amounts and the amounts for which the assets are expected to be realised.
C) The directors' proposal for action to address the difficulties that have emerged since reporting date.
D) The period over which the entity is expected to be able to continue trading and assets for which the going-concern basis is not appropriate, the carrying amounts and the amounts for which the assets are expected to be realised.
E) None of the given answers.

Question

Quizplus · Accepted Answer

AASB 110 requires disclosure of assets for which the going-concern basis is not appropriate, including their carrying amounts and expected realisable amounts, when subsequent events impact the going-concern status.

Disclosures Required by AASB 110 Relating to Subsequent Events That