According to AASB 101 Presentation of Financial Statements, a required format for the presentation of a statement of financial position is:

A) prescribed by the standard.
B) not prescribed and no guidance is provided in the standard.
C) not prescribed by the standard but details are found in the Corporations Act.
D) not prescribed but guidance is provided in the standard for a suitable format.

Financial Position

The status of the assets, liabilities, and equity of an entity as detailed in the balance sheet, indicating the entity’s economic resources and obligations at a given time.

AASB 101

The Australian Accounting Standards Board guideline concerning the presentation of financial statements.

Corporations Act

A major legislation regulating corporate entities in some jurisdictions, detailing rules on incorporation, management, shareholders, and financial reporting.