In Terms of Revenue Related Disclosures on the Face of the Statement

question 15

Multiple Choice

In terms of revenue related disclosures on the face of the statement of profit or loss and other comprehensive income:

• A) IAS 1 Presentation of Financial Statements requires revenue by category to be disclosed on the face of the statement of profit or loss and other comprehensive income.
• B) IAS 18 Revenue requires revenue by category to be disclosed on the face of the statement of profit or loss and other comprehensive income.
• C) IAS 1 Presentation of Financial Statements requires total revenue to be disclosed on the face of the statement of profit or loss and other comprehensive income.
• D) IAS 18 Revenue requires total revenue to be disclosed on the face of the statement of profit or loss and other comprehensive income.

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Definitions:

African-Americans

A term referring to citizens or residents of the United States who have full or partial ancestry from any of the black racial groups of Africa, highlighting their cultural, historical, and social experiences.

Osceola

was a prominent leader of the Seminole people in Florida, known for his resistance against US forces during the Second Seminole War in the early 19th century.

Tariff of 1828

Known as the "Tariff of Abominations" by its critics, it was a protective tariff passed by Congress to protect industry in the northern United States, which adversely affected the southern economy.

Abomination

Something that causes disgust or hatred, often used in moral or religious contexts.