Which of the following items does IFRS require to be presented on the income statement that U.S. GAAP does not require?
A) litigation settlements
B) finance costs
C) after-tax profit or loss on discontinued operations
D) restructuring costs

Question

Quizplus · Accepted Answer

IFRS requires the presentation of finance costs on the income statement, while U.S. GAAP does not have this specific requirement.

Which of the Following Items Does IFRS Require to Be