AASB 101 Presentation of Financial Statements Requires the Following Items

question 4

Multiple Choice

AASB 101 Presentation of Financial Statements requires the following items to appear on the face of the statement of changes in equity
I The net amount of cash from the issue of any securities during the period
II The cumulative effect of changes in accounting policy and the correction of errors
III Each item of income or expenses that are required to be recognised directly in equity
IV Profit or loss for the period

• A) I, II, III and IV.
• B) II, III and IV only.
• C) I, III and IV only.
• D) II and IV only.

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Definitions:

Cerebellum

A major feature of the hindbrain of all vertebrates responsible for motor control, and possibly also some cognitive functions.

Acquired Reflexes

Learned reflex actions that develop as a result of repeated exposure to a stimulus, differing from innate reflexes present at birth.

Biological Clock

An internal mechanism in organisms that controls the timing of various biological functions, such as sleep-wake cycles and hormonal changes.

Daily Rhythms

Natural patterns of activity that follow a roughly 24-hour cycle in living organisms, often referred to as circadian rhythms.