Which of the following items are not permitted to be disclosed as separate line items on the face of the statement of financial position?
A) Investment property
B) Cash and cash equivalents
C) Deferred tax assets
D) Share of profit of associates

Question

Quizplus · Accepted Answer

Share of profit of associates is not permitted to be disclosed separately on the face of the statement of financial position. It should be included in the income statement. The other items (investment property, cash and cash equivalents, deferred tax assets) can be disclosed separately on the face of the statement of financial position.

Which of the Following Items Are Not Permitted to Be