The other comprehensive income section shall present line items for amounts of other comprehensive income in the period, classified by nature and grouped into those that are in accordance with other PFRS/ 10. Statement 1: IFRS. An entity shall disclose the amount of income tax relating to each item in other comprehensive income, including reclassification adjustments, either in the statement of profit o loss and other comprehensive Statement 2: income or in the notes. Only the first statement is correct. a. b. Only the second statement is correct. C. Both statements are correct. d. Neither of the statements is correct.
The other comprehensive income section shall present line items for amounts of other comprehensive income in the period, classified by nature and grouped into those that are in accordance with other PFRS/ 10. Statement 1: IFRS. An entity shall disclose the amount of income tax relating to each item in other comprehensive income, including reclassification adjustments, either in the statement of profit o loss and other comprehensive Statement 2: income or in the notes. Only the first statement is correct. a. b. Only the second statement is correct. C. Both statements are correct. d. Neither of the statements is correct.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Choose the letter of the correct answer.
Transcribed Image Text:The other comprehensive income section shall present
line items for amounts of other comprehensive
income in the period, classified by nature and grouped
into those that are in accordance with other PFRS/
10. Statement 1:
IFRS.
An entity shall disclose the amount of income tax
relating to each item in other comprehensive income,
including reclassification adjustments, either in the
statement of profit o loss and other comprehensive
Statement 2:
income or in the notes.
Only the first statement is correct.
a.
b. Only the second statement is correct.
C.
Both statements are correct.
d. Neither of the statements is correct.
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