AASB 101 Presentation of Financial Statements,requires Which of the Following

question 16

Multiple Choice

AASB 101 Presentation of Financial Statements,requires which of the following items to 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 Audit and non-audit fees
VI Total other comprehensive income
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

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Definitions:

Illusion Of Control

The tendency for individuals to overestimate their ability to control events, an error in judgment often observed in various psychological contexts.

Gamblers

Gamblers are individuals who wager money or something of value on an event with an uncertain outcome, often involving risk in the hope of gaining more.

Dice

Small cube-shaped objects with dots on each of their six faces, used for generating random numbers in games.

Scatterplot

A graphical representation using dots to show the relationship between two sets of data or variables.