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.