Under IAS 1/AASB 101, Which Format Is Subscribed for the Statement

question 35

Multiple Choice

Under IAS 1/AASB 101, which format is subscribed for the statement of financial position?

• A) No one format is prescribed
• B) Assets = equity + liabilities
• C) Equity = assets - liabilities
• D) Assets - liabilities = equity

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Definitions:

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