Which of the Following Need Not Appear as a Stand-Alone

question 97

Multiple Choice

Which of the following need not appear as a stand-alone item on the statement of financial position under IFRS?

• A) Liabilities forming part of a disposal group (held-for-sale).
• B) Deferred Tax Liabilities.
• C) Provisions.
• D) Asset Retirement Obligations.

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Definitions:

Abstract Descriptions

Expressions or explanations that do not refer to concrete objects or specific examples but instead to ideas or concepts.

Mental Process

Refers to the internal, covert activities of our minds, such as thinking, feeling, and remembering.

Unwanted Thought

Intrusive and often distressing ideas or mental images that an individual struggles to control or eliminate.

Consciousness

The state of being aware of and able to think about one's own existence, sensations, thoughts, surroundings, etc.