AASB 101 Presentation of Financial Statements Requires the Following Items

question 11

Multiple Choice

AASB 101 Presentation of Financial Statements requires the following items to appear on the face of the Statement of Changes in Equity
I The net amount of cash from the issue of any securities during the period
II The cumulative effect of changes in accounting policy and the correction of errors
III Each item of income or expenses that are required to be recognised directly in equity
IV Profit or loss for the period.

• A) I, II, III and IV
• B) II, III and IV only
• C) I, III and IV only
• D) II and IV only

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Definitions:

Environmental Factors

Elements within the surrounding environment that can affect processes, development, or the condition of something or someone.

Inherited

refers to traits or conditions that are passed from parents to their offspring through genes.

Height

The measurement of someone or something from base to top or from head to foot.

Critical Period

A specific time in development when the presence or absence of certain experiences or stimuli has a long-lasting influence on the individual.