The IASB is planning significant changes to the presentation of financial statements. These changes will result in financial statements that are classified according to
A)cash flows from operating, investing and financing activities.
B)business and financing activities.
C)assets, liabilities and equity.
D)the nature and function of expenses.

Question

Quizplus · Accepted Answer

The IASB's changes aim to classify financial statements into business and financing activities to improve clarity and comparability.

The IASB Is Planning Significant Changes to the Presentation of Financial