AASB 101 Requires Which of the Following Items to Be

question 3

Multiple Choice

AASB 101 requires which of the following items to be disclosed separately in the statement of profit or loss and other comprehensive income:
I. Cost of sales.
II. Revenue.
III. Finance costs.
IV. Share of the profit or loss from associates.
V. Tax expense relating to extraordinary events.

• A) I, II, and V
• B) II, III and V
• C) II, III, and IV
• D) III and V

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Definitions:

Subjectively Found

Pertains to judgments or assessments made based on personal opinions, feelings, or tastes, rather than external facts or evidence.

Employment Rights

Legal rights and protections granted to employees, including minimum wage, work hours, and safety conditions.

Age Discrimination in Employment Act

A U.S. law that forbids employment discrimination against anyone at least 40 years of age in the United States.

State Legislature

The legislative body of a state in the United States, responsible for creating laws and budgets within that state.