Which of the Following Is Not Disclosed in the Statement

question 32

Multiple Choice

Which of the following is not disclosed in the statement of comprehensive income?

• A)income and expenses recognised in the income statement
• B)income and expenses recognised directly in equity
• C)transactions with owners as owners
• D)all options are disclosed in the statement of comprehensive income

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Definitions:

Offer And Acceptance

Fundamental concepts in contract law which determine when an agreement exists between two parties. An offer is a proposal while acceptance is the agreement to that proposal.

Negotiability

The quality of a financial instrument that allows it to be transferred or assigned from one party to another with ease.

Unconditional Promise

A commitment to act or refrain from acting in a certain manner that does not rely on any conditions or occurrences for its fulfillment.

IOU

An informal document that acknowledges a debt owed by one party to another, but not necessarily specifying repayment terms.