According to IAS, a Required Format for the Presentation of the Statement

question 19

Multiple Choice

According to IAS, a required format for the presentation of the statement of profit or loss and other comprehensive income is:

• A) prescribed by the standard
• B) not prescribed and no guidance is provided in the standard for a suitable format
• C) not prescribed but guidance is provided in the standard for a suitable format
• D) prescribed by the standard and further details are found in the Corporations Act.

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