IFRS Requires That a Single Amount Be Disclosed Within the Income

question 31

Multiple Choice

IFRS requires that a single amount be disclosed within the income statement for

• A) the post-tax profit/loss on discontinued operations and the pre-tax gain/loss on the disposal of discontinued operational assets.
• B) the pre-tax profit/loss on discontinued operations and the post-tax gain/loss on the disposal of discontinued operational assets.
• C) the pre-tax profit/loss on discontinued operations and the pre-tax gain/loss on the disposal of discontinued operational assets.
• D) the post-tax profit/loss on discontinued operations and the post-tax gain/loss on the disposal of discontinued operational assets.

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Definitions:

Visibility

The degree to which actions, decisions, or processes are observable, transparent, and open to scrutiny by outside parties.

Centrality

The importance or influence of a node within a network, indicating how vital a point is within the structure.

Network Structure

The arrangement or organization of elements within a network, defining how they are interconnected.

Negotiation

A dialogue between two or more parties intended to reach a beneficial outcome over a dispute or agreement, covering all aspects from preparation to conclusion and agreement.