Short Answer Question 2 - Presentation of Financial Statements

Choose whether each item below is reported in:

1. the statement of financial position
2. profit or loss in the statement of profit or loss and other comprehensive income
3. other comprehensive income in the statement of profit or loss and other comprehensive income
4. the statement of changes in equity
5. 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