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The Notes to the Accounts That Relate to Income and Expense

Question 61

Multiple Choice

The notes to the accounts that relate to income and expense should include:


A) only commentary on issues covered by AASB 101.
B) a variety of information that incorporates the disclosures required in all standards related to income and expenses.
C) only information that would have resulted in a different profit or loss figure if it had been included on the face of the statement.
D) only items that were deemed non-material when selecting items to place on the face of the accounts.

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