As a minimum, the face of the income statement shall include line items that present the following amounts for the period: I. revenue II. finance costs III. share of the profit or loss of associates and joint ventures accounted for using the equity method IV. tax expense V. a single amount comprising the total of (i) the post-tax profit or loss of discontinued operations and (ii) the post-tax gain or loss recognized on the measurement to fair value less costs to sell or on the disposal of the assets or disposal group(s) constituting the discontinued operation VI. a single amount comprising the total of the post-tax profit or loss on early extinguishment of long-term financial debts VII. profit or loss
As a minimum, the face of the income statement shall include line items that present the following amounts for the period: I. revenue II. finance costs III. share of the profit or loss of associates and joint ventures accounted for using the equity method IV. tax expense V. a single amount comprising the total of (i) the post-tax profit or loss of discontinued operations and (ii) the post-tax gain or loss recognized on the measurement to fair value less costs to sell or on the disposal of the assets or disposal group(s) constituting the discontinued operation VI. a single amount comprising the total of the post-tax profit or loss on early extinguishment of long-term financial debts VII. profit or loss
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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30. As a minimum, the face of the income statement shall include line items that present the following amounts for the period:
I. revenue
II. finance costs
III. share of the profit or loss of associates and joint ventures accounted for using the equity method
IV. tax expense
V. a single amount comprising the total of
(i) the post-tax profit or loss of discontinued operations and
(ii) the post-tax gain or loss recognized on the measurement to fair value less costs to sell or on the disposal of the assets or disposal group(s) constituting the discontinued operation
VI. a single amount comprising the total of the post-tax profit or loss on early extinguishment of long-term financial debts
VII. profit or loss
a. I, II, III, IV, V, VII
b. I, II, V, VII
c. I, II, III, IV, V, VI, VII
d. I, II, III, IV, V, VII
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