1.Which of the following would explain why Payments to suppliers and employees for the period is greater than Total operating expenses for the period?

A. Significant impairments of non-current assets during the period.

B.Significant levels of prepaid expenses at the end of the period.

C.Significant levels of trade payables at the end of the period.

D.Significant levels of accrued expenses at the end of the period.

E.All of these would explain why Payments to suppliers and employees for the period is greater than Total operating expenses for the period.

2. Which of the following statements relating to recognition and disclosure is correct?

A.Information that is separately disclosed is also recognised.

B.Information that is separately disclosed may not be recognised

C.Information that is recognised is also separately disclosed.

D.Information that is recognised must be separately disclosed, but not all information separately disclosed must be recognised.

E.None of these statements are correct.