Which Statement Is Correct About the Statement of Comprehensive Income

question 26

Multiple Choice

Which statement is correct about the statement of comprehensive income?

• A)Entities using the nature format for expenses must provide additional disclosure.
• B)The single-step format provides more information than the multiple-step format.
• C)The multiple-step format must be used in financial reporting.
• D)Entities using the function format for expenses must provide additional disclosure.

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