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Question 3 An entity recognises a loss on the derivatives designated as cash flow hedges in the amount of 3,700. The loss was recognised in a statement of comprehensive income. Where should the entity recognise the related deferred tax on the loss on those derivatives? In the statement of profit or loss Either in the statement of profit or loss or in the statement of comprehensive income Either in the statement of comprehensive income or in the statement of changes in equity In the statement of comprehensive income

Question 3 An entity recognises a loss on the derivatives designated as cash flow hedges in the amount of 3,700. The loss was recognised in a statement of comprehensive income. Where should the entity recognise the related deferred tax on the loss on those derivatives? In the statement of profit or loss Either in the statement of profit or loss or in the statement of comprehensive income Either in the statement of comprehensive income or in the statement of changes in equity In the statement of comprehensive income

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 3 An entity recognises a loss on the derivatives designated as cash flow hedges in the amount of 3,700. The loss was recognised in a statement of comprehensive income. Where should the entity recognise the related deferred tax on the loss on those derivatives? In the statement of profit or loss Either in the statement of profit or loss or in the statement of comprehensive income Either in the statement of comprehensive income or in the statement of changes in equity In the statement of comprehensive income
Transcribed Image Text:Question 3 An entity recognises a loss on the derivatives designated as cash flow hedges in the amount of 3,700. The loss was recognised in a statement of comprehensive income. Where should the entity recognise the related deferred tax on the loss on those derivatives? In the statement of profit or loss Either in the statement of profit or loss or in the statement of comprehensive income Either in the statement of comprehensive income or in the statement of changes in equity In the statement of comprehensive income
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