AASB 101 Presentation of Financial Statements,requires the Following Items Be

question 14

Multiple Choice

AASB 101 Presentation of Financial Statements,requires the following items be disclosed separately on the face of the statement of profit or loss and other comprehensive income:
I Cost of sales.
II Revenue.
III Finance costs.
IV Share of the profit or loss from associates.
V Tax expense relating to extraordinary events.
VI Tax expense relating to ordinary activities.
VII Profit or loss.

• A)I,II,VI and VII only
• B)I,II,III and V only
• C)II,III,IV,VI and VII only
• D)I,III,V and VII only.

Distinguish between market value and other value measures (par, stated) as reported for different classes of stock on the balance sheet.

Recognize what is included and excluded in the calculation of additional paid-in capital.

Calculate total paid-in capital and total stockholders' equity from given balance sheet data.

Understand the concept of legal capital and its implications for share value and corporate financing.

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