Where the entity presents current assets separately from non-current assets and current liabilities separately from non-current liabilities,AASB 101 requires items to be disclosed on the face of the statement of financial position ,including:
A) total assets.
B) total liabilities.
C) total parent entity interest.
D) all of the given answers.

Question

Quizplus · Accepted Answer

AASB 101 requires the disclosure of all total assets, total liabilities, and total parent entity interest on the face of the statement of financial position when current assets are presented separately from non-current assets and current liabilities are presented separately from non-current liabilities.

Where the Entity Presents Current Assets Separately from Non-Current Assets