Under IAS 1 Additional Line Items,headings and Subtotals

question 43

Multiple Choice

Under IAS 1 additional line items,headings and subtotals:

• A)are precluded as they provide unnecessary information that may confuse the user.
• B)shall be presented on the face of the statement when such presentation is relevant to an understanding of the entity's financial performance.
• C)shall be presented on the face of the statement when such items can be measured reliably and it is probable these events will occur.
• D)will only be included in the notes to the statement of profit and loss if they are relevant to an understanding of the entity's financial performance.