Which of the following items must be presented as a separate line item on the face of a statement of profit or loss and other comprehensive income?
A) Cost of sales
B) Share of profit or loss of associates and joint ventures
C) Wages and salaries expense
D) Share of profit or loss of subsidiaries

Question

Quizplus · Accepted Answer

Share of profit or loss of associates and joint ventures must be presented as a separate line item on the face of a statement of profit or loss and other comprehensive income according to IFRS standards. This is because it represents the investor's share of the earnings or losses of these entities, which is accounted for using the equity method.

Which of the Following Items Must Be Presented as a Separate