Which of the Following Statements Is Not in Accordance with AASB

question 9

Multiple Choice

Which of the following statements is not in accordance with AASB 101 "Presentation of Financial Statements" with respect to the statement of comprehensive income?

• A) An entity shall not present any items of income or expense as extraordinary items, in the statement of comprehensive income or the separate income statement (if presented), or in the notes.
• B) An entity shall disclose the amount of income tax relating to each component of other comprehensive income, including reclassification adjustments, either in the statement of comprehensive income or in the notes.
• C) As a minimum, the statement of comprehensive income shall include line items of each component of other comprehensive income classified by nature.
• D) An entity shall recognise all items of income and expense in a period in profit or loss unless an Australian Accounting Standard requires or permits otherwise. For example, the financial effect of changes in accounting estimates.
• E) All of the given answers.

Recognize different e-portfolio models and select appropriate ones for varying educational contexts.

Understand the goals and critical components of the internship culmination stage, including future employment and critical tasks.

Assess how success in internships can be determined and evaluated.

Comprehend the importance of and strategies for effective closure in professional relationships during internships.

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Definitions:

Mickey Mouse Watch

A wristwatch featuring Mickey Mouse, often characterized by the iconic Disney character's arms serving as the timepiece's hands.

Pearl Necklace

A piece of jewelry consisting of pearls strung together.

Floor-Length Gown

A long dress that reaches the floor, often worn on formal occasions such as weddings or galas.

Color Tv

A television set that can display images in color, as opposed to black and white.