Financial Statements Quiz
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Questions and Answers

Which of the following statements or reports must Entity LMN always include in its financial statements according to IAS 1?

  • A. Statement of other comprehensive income for the period ending 31 December 20X1
  • D. Statement of financial position as at 01 January 20X2
  • B. Notes to the financial statements (correct)
  • C. Financial review by management for the period ending 31 December 20X1

What is the correct statement or report that Entity LMN must include in its financial statements according to IAS 1?

  • D. Statement of financial position as at 01 January 20X2
  • B. Notes to the financial statements (correct)
  • C. Financial review by management for the period ending 31 December 20X1
  • A. Statement of other comprehensive income for the period ending 31 December 20X1

Which of the following statements or reports is not required to be included in Entity LMN's financial statements according to IAS 1?

  • B. Notes to the financial statements
  • D. Statement of financial position as at 01 January 20X2
  • A. Statement of other comprehensive income for the period ending 31 December 20X1
  • C. Financial review by management for the period ending 31 December 20X1 (correct)

Which of the following statements or reports must Entity LMN always include in its financial statements according to IAS 1?

<p>D. Statement of financial position as at 01 January 20X2 (A)</p> Signup and view all the answers

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