Under AASB 101 Additional Line Items,headings and Subtotals

question 40

Multiple Choice

Under AASB 101 additional line items,headings and subtotals:

• A) Are precluded as they provide unnecessary information that may confuse the user.
• B) Shall be presented on the face of the statement when such presentation is relevant to an understanding of the entity's financial performance.
• C) Shall be presented on the face of the statement when such items can be measured reliably and it is probable these events will occur.
• D) Will only be included in the notes to the income statement if they are relevant to an understanding of the entity's financial performance.
• E) None of the given answers.

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Definitions:

Schemas

Cognitive structures or mental frameworks that help individuals organize and interpret information based on past experiences and knowledge.

Psychosocial Development

Refers to the theory by Erik Erikson that human development is a life-long process divided into eight stages, each characterized by a different psychological conflict that needs resolution.

Cognitive Development

The growth and change in intellectual/mental abilities such as thinking, reasoning, and understanding over the lifespan.

Attachment Theory

A psychological theory that describes the dynamics of long-term interpersonal relationships, focusing on how early attachments influence future emotional development.