Under IFRS, comprehensive income may be displayed (reported) in
A)the equity section of the statement of financial position.
B)the one-statement or the two-statement approach.
C)two-statement approach only.
D)the retained earnings statement.

Question

Quizplus · Accepted Answer

Under IFRS, comprehensive income can be reported using either the one-statement approach (a single statement of comprehensive income) or the two-statement approach (an income statement followed by a separate statement of comprehensive income).

Under IFRS, Comprehensive Income May Be Displayed (Reported) in