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Short Answer Question 2 - Presentation of Financial Statements Choose whether each item below is reported in: the statement of financial position profit or loss
Short Answer Question 2 - Presentation of Financial Statements
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)
Key accounting estimates | Answer 1 |
Issue of shares | Answer 2 |
the measurement bases used in preparing the financial statements | Answer 3 |
intangibles | Answer 4 |
revaluation gain on the building OCI | Answer 5 |
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