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NEW QUESTION 27
You assumed the role as the Chairperson of the Board of Directors of Daylight Ltd. As you start to write your first directors' report, which one of the following areas are you not required to include in your report?

A. Details regarding accounting policies pursued by Daylight in preparation of its financial statements.B. Details regarding any significant changes to Daylight's state of affairs for the year that just ended.C. Review of operations of Daylight during the year just ended and any likely developments in the future that may impact Daylight.D. Details of any dividends paid or proposed.

Answer: A

 

NEW QUESTION 28
According to the IASB Conceptual Framework, income is an increase in economic benefits in the form of I)inflows.
II)decreases of liabilities.
III)enhancements of assets.
IV)contributions from equity holders.

A. I, III and IV onlyB. II, III and IV onlyC. I, II and IV onlyD. I, II and III only

Answer: D

 

NEW QUESTION 29
Which one of the following statements differentiates semi-strong form efficiency from strong form efficiency in the context of the efficient market hypothesis?

A. Semi-strong form efficiency reflects all past price movements whereas strong form efficiency reflects future share price movements.B. Semi-strong form efficiency does not reflect knowledge whereas strong form efficiency considers knowledge in addition to publicly available information and past price movements.C. Semi-strong form efficiency does not reflect all publicly available information whereas strong form efficiency does incorporate all publicly available information.D. Semi-strong form efficiency addresses operational efficiency whereas strong form efficiency aims to address allocative efficiency.

Answer: B

 

NEW QUESTION 30
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