Question: a. Explain how the data is presented in financial reports b. Specify the type of report where the financial data is typically included. c. Describe

a. Explain how the data is presented in financial reports b. Specify the type of report where the financial data is typically included. c. Describe the required format for presenting this data to comply with ATO and AASB standards. Financial Data Presentation in Financial Report Type of Report Format i. Income and revenue ii. Assets and liabilities iii. Cash flows

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