Under AASB 101, the measure of profit presented is found by:
A)subtracting from operating income (revenues and gains) recognised the amount of operating expenses recognised
B)income (revenues and gains) recognised less expenses recognised
C)income (revenues and gains) recognised less expenses recognised, excluding extraordinary items
D)income (revenues and gains) recognised less expenses recognised, but excluding those recognised as other comprehensive profit under the requirements of an accounting standard

Question

Quizplus · Accepted Answer

The Answer of Under AASB 101, the measure of profit presented is found by:
A)subtracting from operating income (revenues and gains) recognised the amount of operating expenses recognised
B)income (revenues and gains) recognised less expenses recognised
C)income (revenues and gains) recognised less expenses recognised, excluding extraordinary items
D)income (revenues and gains) recognised less expenses recognised, but excluding those recognised as other comprehensive profit under the requirements of an accounting standard

Under AASB 101, the Measure of Profit Presented Is Found