AASB 101 Requires That a Reconciliation Between the Carrying Amount

question 24

Multiple Choice

AASB 101 requires that a reconciliation between the carrying amount of each class of contributed equity capital and each reserve at the beginning and end of each period be disclosed in:

• A) the Statement of Changes in Equity only;
• B) the notes only;
• C) either the Statement of Changes in Equity or the notes;
• D) Statement of Profit or Loss and Other Comprehensive Income.

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Definitions:

Gastric Fluid

Fluid secreted by the stomach lining; contains digestive enzymes, acid, and mucus.

Food

Nutritious substances consumed by organisms for growth, repair, and maintenance of vital functions.

Fatty Acids

Long hydrocarbon chains that are a major component of lipids, serving as energy sources and structural elements in cell membranes.

Monoglycerides

Molecules made of one fatty acid attached to a glycerol backbone, important as emulsifiers in food production.