Items that are dissimilar in nature must be presented separately in financial statements unless:
A) they are financial items and can be off-set.
B) the directors approve aggregation of the items.
C) the auditors approval aggregation of the items.
D) they are immaterial.

Question

Quizplus · Accepted Answer

If dissimilar items are immaterial, they need not be presented separately in the financial statements. However, if they are material, they must be presented separately.

Items That Are Dissimilar in Nature Must Be Presented Separately