Multiple Choice
Which statement concerning Australian accounting standards is correct?
A) Current Australian accounting standards do not identify any particular categories of 'unusual' items for special disclosure in the income statement
B) Current Australian accounting standards require activities that are attributable to transactions or other events outside the ordinary activities of the entity to be disclosed separately
C) AASB 101 requires the separate disclosure of significant items
D) None of the above is correct
Correct Answer:
Verified
Correct Answer:
Verified
Q14: Which term describes items of income and
Q15: The standard that requires the disclosure of
Q16: Which of the following is considered a
Q17: The concept of profit that is generally
Q18: The amount retained for asset replacement and
Q19: Benefits attributed to the comprehensive income approach
Q21: The expense example that is a classification
Q22: Under AASB 101,which of these items need
Q23: The inclusion of increments and decrements of
Q24: Items not included in the operating profit