Question: Which statement best describes a disclosing entity? a. An entity that is exempt under the Corporations Act 2001 from applying the AASB accounting standards. b.

Which statement best describes a disclosing entity?
a.
An entity that is exempt under the Corporations Act 2001 from applying the AASB accounting standards.
b.
An entity that discloses the basis on which their financial reports are prepared.
c.
An entity that is involved in the accounting standard-setting process.
d.
An entity that issues securities that are quoted on a stock market or made available to the public via a prospectus.

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