Under IFRS, a company has two options of reporting comprehensive income; an all-inclusive format or in a separate statement.

Question

Quizplus · Accepted Answer

Under IFRS, a company can present comprehensive income either in a single statement of comprehensive income or in two statements: a statement displaying components of profit or loss and a separate statement that begins with profit or loss and displays components of other comprehensive income.

Under IFRS, a Company Has Two Options of Reporting Comprehensive