Under IAS 1 Presentation of Financial Statements, Which of the Following

question 28

Multiple Choice

Under IAS 1 Presentation of Financial Statements, which of the following items is disclosed separately on the face of a statement of financial position?

• A) Income tax expense;
• B) Revenue;
• C) Investment property;
• D) Profit attributable to members of the parent.

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Definitions:

Introverted

A personality trait characterized by a focus on internal feelings rather than on external sources of stimulation.

Study Group

A collective of students who meet regularly to discuss and learn course material together.

Initiate Conversation

The act of starting a dialogue or discussion, often with someone new or in a networking context.

Prejudice

Preconceived opinion or judgment without proper knowledge, thought, or reason, often based on stereotypes.