IFRS' statement of comprehensive income shows the following categories:
A)Profit or loss)
B)List of items of comprehensive income
C)Total comprehensive income
D)All of the above

Question

Quizplus · Accepted Answer

The statement of comprehensive income under IFRS shows both the profit or loss (A) as well as a list of items of comprehensive income (B), which can include items such as unrealized gains or losses on investments or foreign currency translation adjustments. The total comprehensive income (C) is then calculated as the sum of the profit or loss and the items of comprehensive income. Therefore, all of the above options are included in the statement of comprehensive income under IFRS.

IFRS' Statement of Comprehensive Income Shows the Following Categories