Reference no: EM132789447
Problem 1: Under PAS 10, an entity shall disclose all of the following in each material category of non-adjusting events, except:
Group of answer choices
A. The nature of the event
B. Astatement that an estimate of event's financial effects cannot be made
C. A statement that an entity chooses to classify the event as anon-adjusting event rather than as an adjusting event .
D. The estimate of the event' s financial effects
Problem 2: Which of the following is not a required disclosure for inventories in the financial statements?
Group of answer choices
A. The carrying amount of inventories pledged as collateral security
B. The amount of inventory write-downs during the period
C. The circumstances that lead to the write-downs of inventories
D. The carrying amount o f inventories per major classification