Homework help:

Please identify the term being described.

1. Process of incorporating in the statement of financial position or profit or loss statement an item that meets the definition of an element 2. Process of determining the monetary amounts at which the elements of the financial statements are to be recognized and carried in the statement of financial position and profit or loss statement 11 3. Amount of cash or cash equivalents paid or the fair value of the consideration given to acquire them at the time of their acquisition 4. Amount of cash or cash equivalents that would have to be paid if the same or an equivalent asset was acquired currently 5. Amount of cash or cash equivalents that could currently be obtained by selling the asset in an orderly disposal 6. Those intended to meet the needs of users who are not in a position to require an entity to prepare reports tailored ah lo sisse odd what toigot to their particular information needs 7. Standards and interpretations issued by the International Accounting Standards Board 8. Contain information in addition to that presented in the statement of financial position, statement of profit or loss and other comprehensive income, statement of changes in equity and statement of cash flows 9. Items of income and expense that are not recognized in profit or loss as required or permitted by other PFRSs 10. Total of income less expenses, excluding the components of other comprehensive income 234225 11. Change in equity during a period resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners 12. The financial statement that shows an entity's assets, liabilities and equity as of a particular date 13. Shows the entity's profit or loss, and its components, during a particular period 14. The financial statement that shows the changes in the CS Scanned with CamScanner entity's net assets during a particular period 15. Inflows and outflows of cash equivalents