AASB 131 requires a venturer to disclose its share of a jointly controlled entity's items,including:

Question

Quizplus · Accepted Answer

AASB 131 requires a venturer to disclose its share of a jointly controlled entity's amount of impairment losses recognised in profit or loss and income tax expense. Abnormal items (net of tax) and income tax expense are not explicitly required to be disclosed under AASB 131. Therefore, option D is the best choice as it correctly identifies the required disclosures by AASB 131.

AASB 131 Requires a Venturer to Disclose Its Share of a Jointly