Under IAS 1/AASB 101, Which of the Following Statements Concerning

Multiple Choice

Under IAS 1/AASB 101, which of the following statements concerning the statement of financial position is correct?

A) The statement has a prescribed format.
B) Movements in reserves must be shown on the face of the statement.
C) The statement must begin with the assets section.
D) All assets and liabilities must be classified as current or non-current (unless a liquidity presentation is more appropriate) .