A Statement Displaying Components of Profit or Loss Is Referred

question 22

Multiple Choice

A statement displaying components of profit or loss is referred to in AASB 101 as a(n) :

• A) profit and loss statement.
• B) statement of income.
• C) statement of financial performance.
• D) income statement.

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Definitions:

Extended Families

Families in which not only parents and their children but other kin—grandparents, cousins, nieces and nephews, or more distant family relations—share a household.

Allocaregiving

Child care and protection provided by group members other than the parents, usually other relatives.

Exosystem

Part of Bronfenbrenner's ecological systems theory, referring to the wider societal systems that do not directly involve the individual but still have an indirect impact on them.

Family Structure

The social organization of a family. Most commonly, the structure is nuclear or extended.