Which of the Following Items Must Be Presented as a Separate

question 20

Multiple Choice

Which of the following items must be presented as a separate line item in the statement of financial position?

• A) Trade and other receivables.
• B) Share of profit of associates.
• C) Revenue.
• D) Cost of sales.

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Definitions:

Inflation Expectations

Inflation expectations are the rate at which people—consumers and investors—expect the general level of prices to change in the future.

Unemployment Rate

The portion of the labor market that consists of people who are jobless and actively on the lookout for work.

Favorable Supply Shock

An unexpected event that increases the supply of a good or service, leading to a lower equilibrium price.

Short-run Phillips Curve

A graphical representation showing an inverse relationship between the rate of unemployment and the rate of inflation in the short-term.