Under IFRS, Income Statement Items Classified by Nature Are Generally

question 246

Multiple Choice

Under IFRS, income statement items classified by nature are generally described as

• A) administration, distribution, manufacturing, etc.
• B) salaries, depreciation, utilities, etc.
• C) administration, depreciation, manufacturing, etc.
• D) salaries, distribution, utilities, etc.

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Definitions:

Mutual Funds

Investment vehicles that pool money from various investors to purchase a diversified portfolio of stocks, bonds, or other securities.

Premium

The amount paid for a product or service above its nominal or face value.

Horizontal Acquisitions

A form of corporate acquisition where a company buys another company that operates in the same industry at the same level of the supply chain.