Following Are the Items of Income and Expense Recognised During

question 7

Multiple Choice

Following are the items of income and expense recognised during the period by Gordon Field LtD. Which of the following combinations identify all items permitted in AASB 101 "Presentation of Financial Statements" to be presented under other comprehensive income?

• A) I, II, IV, V and VI;
• B) I, II, IV, and V;
• C) II, III, V and VI;
• D) II, V and VI;
• E) III, V and VI;

---

Definitions:

Family Planning

The practice of controlling the number of children in a family and the intervals between their births, particularly by means of contraception or voluntary sterilization.

India

A country in South Asia, known for its diverse culture, history, and rapidly growing economy, as well as its challenges with environmental pollution and conservation.

Bureaucratic Inefficiency

describes the lack of efficiency within government organizations or large corporations, often due to complex procedures, redundant tasks, and mismanagement.

Poor Planning

Poor Planning refers to the lack of effective preparation and foresight in projects or strategies, leading to suboptimal outcomes and inefficiencies.