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