According to AASB 101,a complete set of financial statements comprises:
A)a statement of changes in equity for the period
B)a statement of comprehensive income for the period
C)a statement of cash flows for the period
D)all of the above

Question

Quizplus · Accepted Answer

The question asks about the components of a complete set of financial statements according to AASB 101. The standard specifies that a complete set of financial statements includes a statement of changes in equity, a statement of comprehensive income, and a statement of cash flows, as well as a balance sheet (statement of financial position) and notes to the financial statements. Therefore, the correct answer is D - all of the above.

According to AASB 101,a Complete Set of Financial Statements Comprises