A discretionary reserve
A) is one that allows management to transfer amounts to and from the reserve
B) is one that allows management to transfer amounts to the reserve but not out of the reserve except for the purpose indicated by the reserve
C) is one required by the Corporations Act or an accounting standard
D) is one required by a contract with a creditor
Correct Answer:
Verified
Q3: On 1 April 20X1 the directors
Q4: Which of the following statements is untrue
A)dividends
Q5: In the comprehensive profit statement the amount
Q6: The dividend equalisation reserve
A)is required by AASB
Q7: Which of the following could be
Q9: Langer Ltd is to restructure its owners'
Q10: Which of the following statements is true?
A)For
Q11: Which statements are true?:
I.
Q12: Dividends can be paid from which of
Q13: Under the Framework and AASB 101
A)revenue arises
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