Under AASB 101,the nature and amount of which type of items should be disclosed separately?
A) Extraordinary items
B) Significant items
C) Material items
D) None of the above

Question

Quizplus · Accepted Answer

According to AASB 101, material items should be disclosed separately in the financial statements. Materiality is a matter of judgment based on the nature or size of an item, or a combination of both. Extraordinary items and significant items are not required to be disclosed separately under AASB 101.

Under AASB 101,the Nature and Amount of Which Type of Items