In Accordance with IAS 1 Presentation of Financial Statements,a Financial

question 50

Multiple Choice

In accordance with IAS 1 Presentation of Financial Statements,a financial report comprises:

• A)a statement of financial position, a statement of comprehensive income and a statement of cash flows
• B)a statement of financial position, a statement of comprehensive income, a statement of changes in equity and a statement of cash flows
• C)a statement of financial position, a statement of comprehensive income, a statement of changes in equity, a statement of cash flows and notes to the financial statements
• D)a statement of financial position, a statement of comprehensive income, a statement of cash flows and notes to the financial statements

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Definitions:

CIO

Congress of Industrial Organizations, a federation of unions that organized workers in industrial unions in the United States and Canada from 1935 to 1955.

Mass Production Workers

Employees involved in large-scale manufacturing processes, often characterized by standardized production methods and repetitive tasks.

AFL

The American Federation of Labor, a national federation of labor unions in the United States, historically significant for its role in the labor movement.

New Deal Program

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s to address the Great Depression.