AASB 101 Presentation of Financial Statements Requires an Entity to Disclose

question 27

True/False

AASB 101 Presentation of Financial Statements requires an entity to disclose separately in the statement of comprehensive income,profit or loss for the period attributable to non-controlling interests and owners of the parent.

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Definitions:

Illegal States

Illegal states refer to conditions or configurations in a computer system, program, or algorithm that violate its intended operational parameters or rules, often leading to errors or system failure.

Converted to Cash

Transforming assets or securities into liquid cash through sale or redemption.

NSF Check

A check that cannot be processed because the drawer's account does not have sufficient funds, standing for "Non-Sufficient Funds."

Monthly Service Charge

A fee charged by a financial institution to maintain an account, often depending on the type of account or the balance maintained.