The disclosure that must be included in a statement of comprehensive income prepared for a company which is reporting to external parties under the accounting standards is:
A) profit.
B) comparative figures for the prior year.
C) income tax expense.
D) all of the above.

Question

Quizplus · Accepted Answer

Under accounting standards, a statement of comprehensive income must disclose profit, comparative figures for the prior year, and income tax expense. Therefore, option D (all of the above) is the correct choice.

The Disclosure That Must Be Included in a Statement of Comprehensive