Which Standard Does Not Need to Be Considered When Considering

question 56

Multiple Choice

Which standard does not need to be considered when considering the disclosure and presentation of non-current liabilities?

• A)IAS 1,Presentation of Financial Statements
• B)IAS 36,Impairment
• C)IFRS 7,Financial Instruments: Disclosures
• D)IAS 39,Financial Instruments: Recognition and Measurement

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Definitions:

Segment Margin

The net income or deficit achieved by a specific section of a company following the deduction of both direct and indirect expenses attributable to that section.

Price Per Unit

The cost assigned to a single unit of a product or service, reflecting what consumers must pay to purchase one unit.

Outside Supplier

An external entity that provides goods or services to another company, often used in the context of manufacturing or production.

Variable Cost

A cost that varies in direct proportion to changes in the level of production or sales volume, such as materials and direct labor.