Question
Choose whether each item below is reported in: the statement of financial position profit or loss in the statement of profit or loss and other
Choose whether each item below is reported in:
- the statement of financial position
- profit or loss in the statement of profit or loss and other comprehensive income
- other comprehensive income in the statement of profit or loss and other comprehensive income
- the statement of changes in equity
- the notes to the financial statements.
(5 Marks)
| Sales revenue | Answer 1Choose...other comprehensive income in the statement of profit or loss and other comprehensive incomeprofit or loss in the statement of profit or loss and other comprehensive incomethe statement of financial positionthe statement of changes in equitythe notes to the financial statements. |
| Gain on revaluation of equipment - OCI | Answer 2Choose...other comprehensive income in the statement of profit or loss and other comprehensive incomeprofit or loss in the statement of profit or loss and other comprehensive incomethe statement of financial positionthe statement of changes in equitythe notes to the financial statements. |
| Finance costs | Answer 3Choose...other comprehensive income in the statement of profit or loss and other comprehensive incomeprofit or loss in the statement of profit or loss and other comprehensive incomethe statement of financial positionthe statement of changes in equitythe notes to the financial statements. |
| Deferred tax liability | Answer 4Choose...other comprehensive income in the statement of profit or loss and other comprehensive incomeprofit or loss in the statement of profit or loss and other comprehensive incomethe statement of financial positionthe statement of changes in equitythe notes to the financial statements. |
| Transfer from retained earnings to general reserve |
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Taxation Of Individuals And Business Entities 2015
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
6th Edition
9780077862367
