Which of the Following Statements Is Not in Accordance with AASB

question 60

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) All items of income and expense recognised in a period are to be presented in a single statement of comprehensive income;
• B) All items of income and expense recognised in a period are permitted to be presented in two statements: 1) a separate income statement and 2) a statement beginning with profit or loss and displaying components of other comprehensive income;
• C) An entity shall present an analysis of expenses in profit or loss using a classification based on either the nature of expenses or their function within the entity, whichever provides information that is reliable and more relevant;
• D) Components of other comprehensive income include gain on sale of property plant and equipment;
• E) All of the given answers.

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Definitions:

D-Dimer

A blood test that measures a substance released when a blood clot dissolves; it's used to help diagnose or rule out thrombosis.

Osteoporosis

A medical condition characterized by the weakening of bones, making them fragile and more likely to break.

Dorsiflex

The action of raising the foot upwards towards the shin, a movement at the ankle joint.

Steppage Gait

A walking pattern where the foot is lifted higher than normal to prevent the toe from dragging on the ground, often seen in conditions that affect the peripheral nerves or muscles.