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</p> Signup and view all the answers

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