Under, IFRS, a Loss Should Be Presented Separately as a Component

question 133

Multiple Choice

Under, IFRS, a loss should be presented separately as a component of income from continuing operations when it is unusual in nature and which of the following? $$\begin{array} { | l | l | l | } \hline &\text { Material in Amount } & \text { Infrequent in Occurrence } \\\hline 1& \text { Yes } & \text { No } \\\hline 2&\text { YYes } & \text { Yes } \\\hline 3& \text { No } & \text { Yes } \\\hline 4& \text { No } & \text { No } \\\hline\end{array}$$

• A) Choice 1
• B) Choice 2
• C) Choice 3
• D) Choice 4

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Definitions:

Phencyclidine (PCP)

Substance that produces euphoria, slowed reaction times, and involuntary movements at low doses; disorganized thinking, feelings of unreality, and hostility at intermediate doses; and amnesia, analgesia, respiratory problems, and changes in body temperature at high doses.

Perceptual Changes

Alterations in the way an individual interprets or experiences sensory information.

Nicotine

A stimulant drug found in tobacco products that is both highly addictive and capable of causing both psychological and physical dependency.

3,4-methylenedioxymethamphetamine

A psychoactive drug, known commonly as MDMA or ecstasy, which has stimulant and psychedelic effects, often used recreationally.