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.

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Definitions:

Carl Rogers

A prominent American psychologist known for founding humanistic psychology, emphasizing the importance of self-actualization and the client-centered approach.

Maladaptive Patterns

Behaviors or thought patterns that are counterproductive to the individual's well-being or to achieving intended goals.

Aversion Therapy

A behavioral therapy technique that involves associating an unwanted behavior with discomfort to reduce the behavior's occurrence.

Negative Response

An adverse reaction or a refusal, showing disagreement or noncompliance towards a question, request, or stimulation.