AASB 101 "Presentation of Financial Statements" requires an entity to disclose separately in the statement of comprehensive income,profit or loss for the period attributable to non-controlling interest and owners of the parent.

Question

Quizplus · Accepted Answer

This statement is true as per AASB 101 "Presentation of Financial Statements". The standard requires an entity to disclose separately in the statement of comprehensive income the profit or loss for the period attributable to the owners of the parent and the non-controlling interest. This helps in providing a clear understanding of the financial performance of the entity to the users of financial statements.

AASB 101 "Presentation of Financial Statements" Requires an Entity to Disclose