Under,IFRS,a Loss Should Be Presented Separately as a Component of Income

question 75

Multiple Choice

Under,IFRS,a loss should be presented separately as a component of income from continuing operations when it is unusual in nature and which of the following? $$\begin{array} { | l | c | c | } \hline & \text { Material } & \text { Infrequent in } \\\hline & \text { in Amount } & \text { Occurrence } \\\hline 1 & \text { Yes } & \text { No } \\\hline 2 & \text { Yes } & \text { Yes } \\\hline 3 & \text { No } & \text { Yes } \\\hline 4 & \text { No } & \text { No } \\\hline\end{array}$$

• A)Choice 1
• B)Choice 2
• C)Choice 3
• D)Choice 4

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Definitions:

Inventory Status

This term describes the current state or levels of stock and inventory items within a business, indicating availability for sale or production use.

Specified Threshold

A predetermined level or point at which an action is triggered or a condition changes, often used in decision-making processes.

Supply Chain Manager

A professional responsible for overseeing and managing a company's supply chain and logistics strategy and operations.

Safety Inventory

Extra inventory held by a company to prevent stockouts caused by uncertainties in demand or supply, ensuring product availability.