Multiple Choice
According to AASB 101/IAS 1 Presentation of 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.
Correct Answer:
Verified
Correct Answer:
Verified
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