IAS 1 specifies that: 'an entity shall disclose the amount expected to be recovered or settled after more than ____ months for each asset and liability line item that combines amounts expected to be recovered or settled: (a)no more than ____ months after the reporting period,and (b)more than ____ months after the reporting period'

Question

Quizplus · Accepted Answer

IAS 1 requires disclosure of the amount expected to be recovered or settled after more than twelve months for each asset and liability line item that combines amounts expected to be recovered or settled within no more than twelve months and more than twelve months after the reporting period.

IAS 1 Specifies That: 'An Entity Shall Disclose the Amount