Which of the Following Is Not Required to Be Presented

question 24

Multiple Choice

Which of the following is not required to be presented on the income statement
Under IFRS?

• A) Revenue.
• B) Other gains/losses.
• C) Finance costs.
• D) Tax expense.

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Definitions:

Minimal Standard

A baseline level of quality or performance required to meet regulatory compliance or satisfy basic operational criteria.

WPH Framework

A decision-making framework used in business ethics, focusing on who (W) will be affected, the purpose (P) of the decision, and how (H) to make ethical decisions.

Public Disclosure

The act of making information or data openly accessible and available to the general public.

Universalization Test

The ethical guideline that urges us to consider, before we act, what the world would be like if everyone acted in this way.