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 balance sheet,including:
A) Total assets.
B) Total liabilities.
C) Total parent entity interest.
D) Total equity.
E) All of the given answers.

Question

Quizplus · Accepted Answer

AASB 101 requires all the given options to be disclosed on the face of the balance sheet when the entity presents current assets separately from non-current assets and current liabilities separately from non-current liabilities. Hence, all the given choices are correct.

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