Which of the Following Expenses Do Not Require Separate Disclosure

question 34

Multiple Choice

Which of the following expenses do not require separate disclosure under the accounting standards in the statement of profit or loss and other comprehensive income or in the notes attached to the statement?

• A) Rent expense
• B) Interest paid
• C) Bad and doubtful debts
• D) Impairment expenses of non-current assets

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Definitions:

Exchange Rates

The value of one currency for the purpose of conversion to another, determining how much one currency is worth in terms of another.

Long Run

A period of time in which all factors of production and costs are variable, allowing all aspects of an enterprise to be adjusted.

Appreciates

When the value of an asset, currency, or commodity increases in value over time in relation to other forms of currencies or commodities.

Peso

The currency used by several countries in Latin America, as well as the Philippines.