An IFRS statement might include all of the following except
A) net income or loss
B) unrealized gains or losses on the revaluation of long-term assets
C) cumulative effect of a change in accounting principle
D) extraordinary gain or loss

Question

Quizplus · Accepted Answer

An IFRS statement may include net income or loss, unrealized gains or losses on the revaluation of long-term assets, and cumulative effect of a change in accounting principle. However, IFRS does not allow for reporting of extraordinary gains or losses.

An IFRS Statement Might Include All of the Following Except