The International Accounting Standards Board’s (IASB) definition of retained earnings is “the residual interest in the assets of the entity after deducting all its liabilities."

Sam wants to file a petition for bankruptcy. Which of the following is true in this context?

A) Sam need not submit a list of creditors; it is obtained by the court upon investigation. B) Sam's bankruptcy petition cannot be filed electronically. C) Only Sam's attorney can file his bankruptcy petition. D) Sam's attorney is liable for perjury if information filed by Sam is incorrect.

Perception starts when we see, hear, touch, smell or taste something

Indicate whether the statement is true or false