Which of the following items must be presented as a separate line item in the statement of financial position?
A) Trade and other receivables.
B) Share of profit of associates.
C) Revenue.
D) Cost of sales.

Question

Quizplus · Accepted Answer

Trade and other receivables must be presented as a separate line item in the statement of financial position. Share of profit of associates is typically presented as a line item within the consolidated statement of profit or loss, while revenue and cost of sales are typically presented as line items within the consolidated statement of profit or loss and/or statement of comprehensive income.

Which of the Following Items Must Be Presented as a Separate