Which is not an element of financial information in the IFRS Framework?
A)Other comprehensive income.
B)Assets.
C)Income.
D)Liabilities.

Question

Quizplus · Accepted Answer

Other comprehensive income is included in the IFRS Framework as a type of income that can affect equity but is not included in the income statement. Assets, income, and liabilities are all elements of financial information included in the IFRS Framework.

Which Is Not an Element of Financial Information in the IFRS