According to AASB 101 Presentation in Financial Statements,there Must Be

question 29

Multiple Choice

According to AASB 101 Presentation in Financial Statements,there must be consistency of presentation and classification of items in the financial statements from one period to the next unless:

• A)a change in presentation or classification is required by another accounting standard.
• B)there has been a minor change in the entity's operations.
• C)the directors approve the change in presentation or classification.
• D)the auditors approve the change in presentation or classification.

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Definitions:

Corpus Callosum

The thick bundle of fibers connecting the cerebral hemispheres.

Broca's Area

A region in the frontal lobe of the left hemisphere of the brain, involved in language processing, speech production, and comprehension.

Frontal Lobes

The part of the human brain directly behind the forehead, associated with complex cognitive functions like decision making, problem-solving, and control of voluntary movement.

Occipital Lobes

The region of the brain located at the back of the head, responsible for processing visual information.