Statement of profit or loss and other comprehensive income 9. Which of the following is not an acceptable method of presenting income and expenses? a. Presenting income and expenses that affect profit or loss and those that are components of other comprehensive income in a single statement. b. Presenting an income statement in addition to a statement that presents comprehensive income. c. Presenting an income statement alone without a statement that presents comprehensive income. d. All of these are acceptable methods of presentation.

Statement of profit or loss and other comprehensive income 9. Which of the following is not an acceptable method of presenting income and expenses? a. Presenting income and expenses that affect profit or loss and those that are components of other comprehensive income in a single statement. b. Presenting an income statement in addition to a statement that presents comprehensive income. c. Presenting an income statement alone without a statement that presents comprehensive income. d. All of these are acceptable methods of presentation.

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

Statement of profit or loss and other comprehensive income
9. Which of the following is not an acceptable method of
presenting income and expenses?
a. Presenting income and expenses that affect profit or loss
and those that are components of other comprehensive
income in a single statement.
b. Presenting an income statement in addition to a statement
that presents comprehensive income.
c. Presenting an income statement alone without a statement
that
presents comprehensive income.
d. All of these are acceptable methods of presentation.

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