Which of the following items must be presented as a separate line item in the statement of financial position?

A) Trade and other receivables.
B) Share of profit of associates.
C) Revenue.
D) Cost of sales.

Line Item

A specific and distinct item that appears on a statement or list, such as a financial report, indicating a single transaction or account component.

Financial Position

A snapshot of the assets, liabilities, and equity of a company at a particular point in time, providing insight into its financial health.

Associates Profit

The share of earnings derived from an associate company in which the parent company has significant influence but not total control.