alleryStart learning →Which items must interim disclosures describe, if material?
AOnly items arising abroad
BUnusual items by nature or size
CAll items above average sales
DOnly items related to taxes
Answer & Solution
Correct answer: B. Unusual items by nature or size
Items that are unusual because of their nature, size or incidence affect understanding of the period and must be explained.
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Related questions
Each interim period of a quarterly reporter uses what?Can items that fail the asset or liability definition be shown in an interim balance sheetWhat must a liability at an interim date represent?A cost fails the asset test at year end. At an interim date?A half-yearly reporter revises an estimate. First-half figures?Regulator sets its own format. What still applies?AS 25 says timely interim reporting helps users to understand what?In which year was AS 25 on interim reporting issued?