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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Definitions:

Psychodynamic Theory

A theory in psychology which asserts that psychological processes and behaviors stem from the interaction of dynamic unconscious and conscious factors.

Cognitive-Social Theories

Theories in psychology that emphasize the roles of thought and social learning in behavior.

Personality Disorders

Types of mental disorders characterized by enduring maladaptive patterns of behavior, cognition, and inner experience, exhibited across many contexts and deviating markedly from those accepted by the individual's culture.

Depression

Depression is a mental health disorder characterized by persistently low mood, a feeling of sadness, and a lack of interest or pleasure in daily activities.