Question

PAS 1 requires the disclosure of an entity's domicile and legal form, its country of incorporation and the address of its registered office and a description of the nature of its operations and its principal activities. (T/F)

Answer 1

PAS 1 requires the disclosure of an entity's domicile and legal form, its country of incorporation, the address of its registered office, and a description of the nature of its operations and principal activities.

Step-by-step explanation:

The statement is true. PAS 1, which stands for Presentation of Financial Statements, requires the disclosure of various information about an entity. One of the required disclosures is the entity's domicile and legal form, its country of incorporation, and the address of its registered office. Additionally, PAS 1 also requires a description of the nature of the entity's operations and its principal activities.