A statement of comprehensive income that includes revenue,cost of sales,selling expenses,financial expenses would have been prepared using the:
A) nature of expense method.
B) narrative method.
C) revenues and gains approach.
D) function of expense approach.

Question

Quizplus · Accepted Answer

A statement of comprehensive income that includes revenue, cost of sales, selling expenses, and financial expenses would typically be prepared using the function of expense approach. This approach groups expenses based on their function, such as selling or financial, rather than their nature or type. This allows for a clearer understanding of the business operations and the costs associated with each function.

A Statement of Comprehensive Income That Includes Revenue,cost of Sales,selling