Question

According to International Financial Reporting Standards (IFRS), all of the following are part of minimum components...

According to International Financial Reporting Standards (IFRS), all of the following are part of minimum components of interim financial reporting except:

Multiple Choice

  • A condensed statement of net income and comprehensive income.

  • A condensed statement of accumulated pension liabilities.

  • A condensed statement of changes in equity.

  • A condensed statement of financial position.

  • A condensed statement of cash flows.

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Answer #1

ANSWER:

According to International Financial Reporting Standards (IFRS), all of the following are part of minimum components of interim financial reporting

  • A condensed statement of net income and comprehensive income.

  • A condensed statement of changes in equity.

  • A condensed statement of financial position.

  • A condensed statement of cash flows.

However,

A condensed statement of accumulated pension liabilities is not the part of minimum component of interim financial reporting.

Option b is correct

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