Which of the following items does IFRS require to be disclosed but not necessarily presented...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Which of the following items does IFRS require to be disclosed but not necessarily presented on the income statement?
A.
income of associates
B.
finance costs
C.
turnover
D.
litigation settlements
2.
Which of the following is not a characteristic that must be considered when determining that a business activity is a component of an entity for purposes of classifying that activity as a discontinued operation?
A.
The activity comprises operations and cash flows.
B.
The activity can be clearly distinguished for financial reporting purposes.
C.
The activity is a portion of the entity.
D.
The activity constitutes a strategic advantage.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
