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:

Embryo/Fetus

The stage of development in vertebrates from fertilization until birth, beginning as an embryo and later developing into a fetus.

Hominoids

A group of primates that includes great apes and humans, characterized by their larger brain sizes, lack of tail, and more complex behaviors compared to other primates.

Opposable Thumbs

A thumb that can be moved freely and oppositely to the other fingers, allowing grasping objects.

Stereoscopic Vision

The ability to perceive depth and three-dimensional structure from visual information derived from two eyes positioned slightly apart.