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:

Fluorescent Light

A type of lighting that uses electricity to excite mercury vapor, which in turn produces short-wave ultraviolet light causing a phosphor coating on the inside of the bulb to glow.

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The process of reclaiming energy from waste materials or processes, often by converting biomass into electricity or fuel.

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Machines that convert kinetic energy from the wind into electrical power.

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