Under IFRS, Other Comprehensive Income Must Be Displayed(reported) in

question 165

Multiple Choice

Under IFRS, other comprehensive income must be displayed(reported) in

• A) the equity section of the statement of financial position.
• B) a second income income statement.
• C) the income statement.
• D) the retained earnings statement.

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Definitions:

Stable Environment

An environment characterized by predictability, minimal change, and relatively constant conditions.

Organizational Change

The process through which a company or institution undergoes a transition to achieve a desired future state.

Failure

The lack of success in achieving a goal or performing up to a standard; the opposite of success.

Change Agent

An individual or group that actively facilitates, promotes, and manages change within an organization to achieve desired goals.