Which of the Following Must Be Disclosed in the Comprehensive $\quad$

question 23

Multiple Choice

Which of the following must be disclosed in the comprehensive profit statement or the associated notes:
I $\quad$ as a line item, the amount of the total income recognised (both revenue and gains)
II $\quad$ abnormal items
III $\quad$ extraordinary items
IV $\quad$ period profit or loss
V $\quad$ profit or loss attributable to (i) the parent and (ii) non-controlling interest

• A)all of I, II, III, IV, and V
• B)I, IV, and V only
• C)IV and V only
• D)I, II, IV, and V only

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Definitions:

Working Capital

The measure of a company's liquidity, efficiency, and its short-term financial health, calculated as current assets minus current liabilities.

Externalities

Costs or benefits that affect parties who did not choose to incur that cost or benefit, often related to environmental, public health, or economic activities.

Net Present Value (NPV)

A calculation used to assess the profitability of an investment, measuring the difference between the present value of its cash inflows and outflows.

Internal Rate of Return (IRR)

The rate of growth a project is expected to generate, calculated as the discount rate that makes the net present value (NPV) of all cash flows equal to zero.