Which of the Following Items,if It Exists,does Not Have to Be

question 1

Multiple Choice

Which of the following items,if it exists,does not have to be presented as a line item on the face of a statement of profit or loss and other comprehensive income?

• A)revenue
• B)closing inventory
• C)profit or loss attributable to non controlling interests
• D)post-tax profit or loss of discontinued operations.

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Definitions:

General Checking Account

A type of bank account that allows for the deposit and withdrawal of funds for daily transactions.

Practice's Savings

Refers to the financial reserves or accumulated funds saved by a business or practice.

Workers' Compensation

A form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue their employer for the tort of negligence.

Crushing Injury

A type of injury where a part of the body is subjected to a high degree of force or pressure, often resulting in compression and significant damage to the area.