Under AASB 101,the Nature and Amount of Which Type of Items

question 6

Multiple Choice

Under AASB 101,the nature and amount of which type of items should be disclosed separately?

• A) Extraordinary items
• B) Significant items
• C) Material items
• D) None of the above

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Definitions:

Crowdfunding

The approach of obtaining financing for a venture or project by soliciting small donations from a broad audience, predominantly over the internet.

Millions Of Dollars

A term indicating a very large sum of money, typically used to discuss budgets, revenues, or investments in various contexts.

Small Amounts

Referring to limited or minimal quantities, typically used in the context of finance, portions, or measurements.

Kickstarter

An American public-benefit corporation that maintains a global crowdfunding platform focused on creative projects.