Which of the following is not an acceptable way of displaying the components of other comprehensive income?
A) Combined statement of retained earnings
B) One statement approach
C) Two statement approach
D) All of these are acceptable ways

Question

Quizplus · Accepted Answer

The components of other comprehensive income cannot be displayed in a combined statement of retained earnings as it violates the principle of separate but complementary financial statements. The acceptable ways of displaying other comprehensive income are either through the one statement approach or the two statement approach.

Which of the Following Is Not an Acceptable Way of Displaying