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:

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, vital for making financial decisions.

Highly Inflationary Economy

An economic environment characterized by rapid and excessive price increases, affecting purchasing power.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, presenting the financial performance over a specific period.

Restated

Adjusting previously reported financial information to correct errors or to reflect more accurate and up-to-date accounting information.