Which of the following statements is correct in terms of revenue-related disclosures on the face of the statement of profit or loss and other comprehensive income?
A) AASB 101/IAS 1 Presentation of Financial Statements requires total revenue to be disclosed on the face of the statement of profit or loss and other comprehensive income.
B) AASB 15/IFRS 15 Revenue from Contracts with Customers requires total revenue to be disclosed on the face of the statement of profit or loss and other comprehensive income.
C) AASB 101/IAS 1 Presentation of Financial Statements requires revenue by category to be disclosed on the face of the statement of profit or loss and other comprehensive income.
D) AASB 15/IFRS 15 Revenue from Contracts with Customers requires revenue by category to be disclosed on the face of the statement of profit or loss and other comprehensive income.
Correct Answer:
Verified
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