In Terms of Revenue Related Disclosures on the Face of the Statement

question 26

Multiple Choice

In terms of revenue related disclosures on the face of the statement of profit or loss and other comprehensive income:

• A) AASB 101 Presentation of Financial Statements requires revenue by category to be disclosed on the face of the statement of profit or loss and other comprehensive income.
• B) AASB 118 Revenue requires revenue by category to be disclosed on the face of the statement of profit or loss and other comprehensive income.
• C) AASB 101 Presentation of Financial Statements requires total revenue to be disclosed on the face of the statement of profit or loss and other comprehensive income.
• D) AASB 118 Revenue requires total revenue to be disclosed on the face of the statement of profit or loss and other comprehensive income.