Disclosure information under AASB 124 is aggregated by:
A) Forex currency base, size of the transaction and class of related party.
B) Size of the transaction, type of transaction and frequency of the transaction.
C) Type of transaction, nature of terms and conditions, and class of related party.
D) Nature of terms and conditions, class of related party, and frequency of the transaction.
E) None of the given answers.

Question

Quizplus · Accepted Answer

AASB 124 requires disclosure information to be aggregated by the type of transaction, nature of terms and conditions, and class of related party. The other options are not consistent with the requirements under the standard.

Disclosure Information Under AASB 124 Is Aggregated By