A Statement of Comprehensive Income That Includes Revenue,cost of Sales,selling

question 23

Multiple Choice

A statement of comprehensive income that includes revenue,cost of sales,selling expenses,financial expenses would have been prepared using the:

• A) nature of expense method.
• B) narrative method.
• C) revenues and gains approach.
• D) function of expense approach.

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Definitions:

Legal Fees

Charges for legal services provided by attorneys or law firms.

Carrying Value

The net amount at which an asset or liability is reported on the financial statements, considering factors such as depreciation or amortization.

Infringement

This involves the unauthorized use or violation of someone else's rights, especially intellectual property rights.

Amortized

The step-by-step decrease of an owed sum throughout a duration by consistent installments that include both the main amount and the interest.