IAS 1 Presentation of Financial Statements requires the following items to be disclosed separately in the statement of profit or loss and other comprehensive income:
I Cost of sales.
II Revenue.
III Finance costs.
IV Share of the profit or loss from associates.
V Tax expense relating to extraordinary events.
VI Tax expense relating to ordinary activities.
VII Profit or loss.
A) I, II, VI and VII only;
B) I, II, III and V only;
C) II, III, IV, VI and VII only;
D) I, III, V and VII only.

Question

IAS 1 Presentation of Financial Statements requires the following items to be disclosed separately in the statement of profit or loss and other comprehensive income: 
I Cost of sales.
II Revenue.
III Finance costs.
IV Share of the profit or loss from associates.
V Tax expense relating to extraordinary events.
VI Tax expense relating to ordinary activities.
VII Profit or loss.
A) I, II, VI and VII only;
B) I, II, III and V only;
C) II, III, IV, VI and VII only;
D) I, III, V and VII only.

Quizplus · Accepted Answer

The Answer is C

IAS 1 Presentation of Financial Statements Requires the Following Items