What line items are required to be presented in the profit or loss section of the statement of comprehensive income?

1. Under AASB 101, identify items of income and expense that bypass the statement of

 

comprehensive income. Is this consistent with the comprehensive income approach to

measuring periodic profit? Outline the arguments for and against their exclusion in the

calculation of profit.  2.AASB 101 currently offers preparers a choice in the way they report periodic profit.

Outline the available options.  3.What line items are required to be presented in the profit or loss section of the statement of comprehensive income? 4. Distinguish between and give examples of:

(a) income and revenues;

(b) revenues and gains; and

(c) expenses and losses. (LO4)

5.Revenue is said to arise in the course of the ordinary activities of the entity. Explain the

meaning of the term ‘ordinary activities’. (LO4)

find the cost of your paper

erive the differential equations in terms of the liquid heights h1 and h2.

  Figure 7.18 shows a liquid-level system in which two tanks have cross-sectional areas A1 and A2, respectively. The volume flow rate into tank 1 is qi. A pump is connected to the bottom….

Derive the differential equation relating the liquid height h and the volume flow rate qi at the inlet.

  Consider the single-tank liquid-level system shown in Figure 7.19, where the volume flow rate into the tank through a pipe is qi. The liquid leaves the tank through an orifice….

Derive the differential equations in terms of the liquid heights h1 and h2.

Figure 7.20 shows a hydraulic system of two interconnected tanks that have the same cross-sectional area of A. A pump is connected to tank 1. Assume that the relationship between the….