Where the Entity Presents Current Assets Separately from Non-Current Assets

question 41

Multiple Choice

Where the entity presents current assets separately from non-current assets and current liabilities separately from non-current liabilities,IAS 1 requires items to be disclosed on the face of the statement of financial position ,including:

• A)total assets.
• B)total liabilities.
• C)total parent entity interest.
• D)all of the given answers.

---

Definitions:

Retrieval Failure

The inability to recall information that is stored in long-term memory, often due to interference or lack of cues.

Embarrassed

A feeling of self-consciousness, shame, or awkwardness.

Remember

The cognitive process of recalling information or experiences that were previously encoded and stored in the brain.

Address

The specific location or digital identification where someone lives or an organization is situated, or a means to direct a message or communication.