AASB 101 Requires,as a Minimum,certain Line Items to Be Included

question 63

Multiple Choice

AASB 101 requires,as a minimum,certain line items to be included on the face of the statement of financial position .Additional line items may be disclosed based on an assessment of:

• A) the nature and liquidity of assets.
• B) the functions of the assets within the entity.
• C) the amounts, nature and timing of liabilities.
• D) all of the given answers.

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Definitions:

Phonological Awareness

The recognition and understanding of the sound structure of language, including the ability to manipulate sounds.

Syllables

Units of organized sequential sounds in spoken language, serving as the building blocks of words.

Elementary

Pertaining to the basic, fundamental aspects of a subject or the initial stages of education, typically covering the first few years of formal schooling.

Immature Printing

Refers to the early stages of writing development in children, where text may lack proper form or structure.