Under the Accounting Standards, Which of These Is Included in the Calculation

question 22

Multiple Choice

Under the accounting standards, which of these is included in the calculation of a company's profit or loss (not including other comprehensive income in the definition of profit) ?
Downward revaluations of non-current assets, not requiring adjustment to a revaluation surplus.
Upward revaluations of non-current assets requiring adjustment to a revaluation surplus.
Gains or losses on remeasuring investments in equity instruments.
Adjustments from translation of the financial statements of a foreign operation.

• A) 1
• B) 2
• C) 3
• D) 4

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Definitions:

Price Decreases

A reduction in the cost at which goods and services are sold, making them more affordable to consumers.

Freelance Journalist

A self-employed reporter or writer who sells stories or articles to media outlets without being permanently attached to any one employer.

Consumption Goods

Items that are intended for use or consumption by the end-user, encompassing food, clothing, and electronics.

Volleyball

A team sport where two teams, typically of six players each, compete to ground a ball on the other team's court under organized rules.