Which of the following items,if it exists,does not have to be presented as a line item on the face of a statement of profit or loss and other comprehensive income?
A)revenue
B)closing inventory
C)profit or loss attributable to non controlling interests
D)post-tax profit or loss of discontinued operations.

Question

Quizplus · Accepted Answer

Closing inventory is not typically presented as a line item on the face of the statement of profit or loss and other comprehensive income; it is usually included in the calculation of cost of goods sold.

Which of the Following Items,if It Exists,does Not Have to Be