AASB 101 Requires,as a Minimum,certain Line Items to Be Included

question 25

Multiple Choice

AASB 101 requires,as a minimum,certain line items to be included on the face of the balance sheet.Additional line items may be disclosed based on an assessment of:

• A) The nature and liquidity of assets.
• B) The functions of the assets within the entity.
• C) The amounts, nature and timing of liabilities.
• D) The nature and liquidity of assets and the amounts, nature and timing of liabilities.
• E) All of the given answers.

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Definitions:

Reduced Cost

In optimization, it's the difference between the cost of a non-basic variable and its contribution to the objective function, used in linear programming.

Linear Optimization Problems

Mathematical problems concerned with finding the best solution from a set of linear relationships, subject to certain constraints.

Cell Value

In the context of spreadsheet software, it refers to the data or formula contained within a specific cell.

Solver Reports

Generated summaries by the Solver add-in in Excel, detailing the outcomes of optimization or problem-solving operations.