Paragraph 98 of AASB 101 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 AASB 101 specifies that reversals of inventory write-downs are circumstances that may give rise to separate disclosure of items of income and expense. Extraordinary items are no longer classified separately under IFRS, and finance costs and distribution costs are typically disclosed but are not specifically highlighted in the context of paragraph 98.

Paragraph 98 of AASB 101 Lists Some Circumstances That May