Any gain or loss on the restatement of non-monetary items is included: In the profit or loss, without separate disclosure. O In the profit or loss, with separate disclosure. O In the other comprehensive income. O As part of the equity section in the balance sheet.

Any gain or loss on the restatement of non-monetary items is included: In the profit or loss, without separate disclosure. O In the profit or loss, with separate disclosure. O In the other comprehensive income. O As part of the equity section in the balance sheet.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA1: International Financial Reporting Standards

Section: Chapter Questions

Problem 7MCQ

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Question

Any gain or loss on the restatement of non-monetary items is included:
In the profit or loss, without separate disclosure.
O In the profit or loss, with separate disclosure.
In the other comprehensive income.
As part of the equity section in the balance sheet.

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