Under functional presentation of income statement an entity a. Shall not present additional disclosure on the nature of expenses b. Shall present additional disclosure on the nature of expenses c. There is no such thing as functional presentation d. Shall aggregate expenses according to their nature
Under functional presentation of income statement an entity a. Shall not present additional disclosure on the nature of expenses b. Shall present additional disclosure on the nature of expenses c. There is no such thing as functional presentation d. Shall aggregate expenses according to their nature
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
ChapterMJ: Mornin's Joe
Section: Chapter Questions
Problem 3DQ: If a functional expense classification is used for the statement of comprehensive income, what must...
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Under functional presentation of income statement an entity
a. Shall not present additional disclosure on the nature of expenses
b. Shall present additional disclosure on the nature of expenses
c. There is no such thing as functional presentation
d. Shall aggregate expenses according to their nature
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