Statement 1: 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/ 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. а. Only the first statement is correct. b. Only the second statement is correct. с. Both statements are correct. d. Neither of the statements is correct.
Statement 1: 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/ 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. а. Only the first statement is correct. b. Only the second statement is correct. с. Both statements are correct. d. Neither of the statements is correct.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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![10. Statement 1:
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/
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.
а.
Only the first statement is correct.
b. Only the second statement is correct.
С.
Both statements are correct.
d. Neither of the statenments is correct.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F99830855-4554-4731-a7cc-401e6a752194%2F29dcd288-07c8-40b3-b670-dd7d3fa03e72%2Fwviwprq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:10. Statement 1:
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/
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.
а.
Only the first statement is correct.
b. Only the second statement is correct.
С.
Both statements are correct.
d. Neither of the statenments is correct.
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