Which of the following is required to be disclosed for each class of assets:
I - the amount of impairment losses recognised in profit or loss during the period.
II - the amount of reversals of impairment losses recognised in profit or loss during the period.
III - the amount of impairment losses on revalued assets recognised in other comprehensive income during the period.
IV - the amount of reversals of impairment losses on revalued assets recognised directly in other comprehensive income during the period.
A) III and IV only.
B) I, II, III and IV.
C) I, II and III only.
D) I and II only.

Question

Quizplus · Accepted Answer

All the listed disclosures (I, II, III, and IV) are required for each class of assets to provide a complete picture of impairment and its reversals, whether recognized in profit or loss or other comprehensive income.

Which of the Following Is Required to Be Disclosed for Each