Under, IFRS, a loss should be presented separately as a component of income from continuing operations when it is unusual in nature and which of the following? $$\begin{array} { | l | l | l | }
\hline &\text { Material in Amount } & \text { Infrequent in Occurrence } \
\hline 1& \text { Yes } & \text { No } \
\hline 2&\text { YYes } & \text { Yes } \
\hline 3& \text { No } & \text { Yes } \
\hline 4& \text { No } & \text { No } \
\hline
\end{array}$$
A) Choice 1
B) Choice 2
C) Choice 3
D) Choice 4

Question

Under, IFRS, a loss should be presented separately as a component of income from continuing operations when it is unusual in nature and which of the following? $$\begin{array} { | l | l | l | } 
\hline &\text { Material in Amount } & \text { Infrequent in Occurrence } \
\hline 1& \text { Yes } & \text { No } \
\hline 2&\text { YYes } & \text { Yes } \
\hline 3& \text { No } & \text { Yes } \
\hline 4& \text { No } & \text { No } \
\hline
\end{array}$$
A) Choice 1
B) Choice 2
C) Choice 3
D) Choice 4

Quizplus · Accepted Answer

Under IFRS, a loss should be presented separately when it is both unusual in nature and material in amount. Infrequency of occurrence is not a required criterion for separate presentation.

Under, IFRS, a Loss Should Be Presented Separately as a Component