5) Which of the following is a non-current liability on December 31, 2021 statement of financial position? A. Bonds payable maturing on March 2022 which were refinanced in 2022 before issuance of the 2021 financial statements. B. Mortgage note payable due March 15, 2022, which was rolled over in 2022 after the issuance of the 2021 financial statements C. Mortgage note payable due March 15, 2022, which was converted into shares of the company's ordinary share capital in 2022 before the issuance of 2021 financial statements. D. Mortgage note payable due March 15, 2022, in which the entity has the intention and discretion to roll over for a period of at least 24 months from the original maturity date 6) If a dividend is declared after the balance sheet date but before the financial statement are authorized for issue the dividend is: A Recognized as a liability at the balance sheet date. B. Not recognized as a liability at the balance sheet date. C. Recorded as a direct reduction of equity at the balance sheet date. D. Recorded as a reduction against the asset "cash" at the balance sheet date. 7) In accordance with the requirement of PAS 1 Presentation of Financial Statements, which one of the following statements is correct? A. The share of profit or loss of associate determined using the equity method must be included in other comprehensive income. B. Every item that appears in other comprehensive income will require a reclassification adjustment in future reporting periods when the item involved is derecognized. C. Reclassification adjustments relating to components of other comprehensive income must be disclosed. D. Retrospective adjustments arising from a change in accounting policy in accordance with PAS 8 Accounting Policies Changes in Accounting Estimates and Errors must be included in other comprehensive income