Which two components of expense are recognised in the statement of comprehensive income?
A) Cost of goods sold and gross profit
B) Cost of goods sold and inventory loss expense
C) Inventory loss expense and gross profit
D) Accounts payable and cost of goods sold

Question

Quizplus · Accepted Answer

The statement of comprehensive income recognizes expenses such as the cost of goods sold and inventory loss expense, as they directly relate to the cost of sales and losses incurred.

Which Two Components of Expense Are Recognised in the Statement