Under IFRS, an Expense Item Must Be Both Presented and Disclosed

question 47

True/False

Under IFRS, an expense item must be both presented and disclosed by nature and function.

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Definitions:

Parent Table

A table in a database that has one or more related child tables through a foreign key relationship, establishing a hierarchy.

Child Table

A table in a database that has a foreign key linking to the primary key of another table, known as the parent table.

Table Structure

The organization of data in rows and columns in a relational database or spreadsheet.

Append Query

A type of database query that adds the results of a query to an existing table without modifying the original data.