AASB 101 Requires the Following Items to Be Disclosed Separately

question 23

Multiple Choice

AASB 101 requires the following items to be disclosed separately in the statement of profit or loss and other comprehensive income:
I Cost of sales.
II Revenue.
III Finance costs.
IV Share of the profit or loss from associates.
V Tax expense relating to extraordinary events.
VI Tax expense relating to ordinary activities.
VII Profit or loss.

• A) I, II, VI and VII only
• B) I, II, III and V only
• C) II, III, IV, VI and VII only
• D) I, III, V and VII only.

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Definitions:

T-Distribution

A probability distribution used in statistics that is applicable when the sample size is small and the population variance is unknown.

William S. Gosset

A statistician best known for developing the t-test under the pseudonym "Student," contributing significantly to the field of small-sample statistics.

Cholesterol

A waxy substance found in the blood and cells, necessary for the body but high levels of which can be harmful.

Confidence Interval

A breadth of values, extracted from sample-based statistics, considered likely to enfold the value of an unexplored population parameter.