Paragraph 98 of IAS 1 lists some circumstances that may give rise to separate disclosure of items of income and expense.They include:
A)reversals of inventory write-downs.
B)extraordinary items.
C)finance costs.
D)distribution costs.

Question

Quizplus · Accepted Answer

Paragraph 98 of IAS 1 suggests that reversals of inventory write-downs may warrant separate disclosure due to their nature or size, while extraordinary items are no longer recognized under IFRS, and finance and distribution costs are typically not separately disclosed under this guidance.

Paragraph 98 of IAS 1 Lists Some Circumstances That May