IAS 1/AASB 101 defines a complete set of financial statements as comprising:
A) A balance sheet,a profit and loss report,a statement of cash flows,a director's report
B) A statement,of financial position,a statement of profit or loss and other comprehensive income for the period,a statement of changes in equity,a statement of cash flows ,notes comprising a summary of accounting policies and other explanatory information
C) A statement,of financial position,a statement of profit or loss and other comprehensive income for the period,a statement of changes in equity,a statement of cash flows
D) A statement,of financial position,a statement of profit or loss and other comprehensive income for the period,a statement of cash flows
Correct Answer:
Verified
Q11: The approach contained in IAS 1/AASB 101
Q12: According to AASB 1039,in order to provide
Q14: IAS 1/AASB 101 is titled:
A)The Income Statement
B)Information
Q15: The statement that is true about concise
Q17: It is not
A)AASB 1039 'Concise
Q18: The overall criteria for financial reporting contained
Q19: Under the Corporations Act which of these
Q20: According to AASB 1039,in order to provide
Q21: There is no equivalent international accounting standard
Q40: The accounting standard that contains the specific
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