Which of the following items, if it exists, does NOT have to be presented as a line item on the face of a statement of profit or loss and other comprehensive income?
A) Revenue.
B) Closing inventories.
C) Profit or loss attributable to non-controlling interests.
D) Post-tax profit or loss of discontinued operations.

Question

Quizplus · Accepted Answer

Closing inventories are typically not presented as a separate line item on the face of the statement of profit or loss and other comprehensive income; they are included in the calculation of cost of goods sold.

Which of the Following Items, If It Exists, Does NOT