In the 2011 Version of IAS 1/AASB 101, What Is

question 61

Multiple Choice

In the 2011 version of IAS 1/AASB 101, what is the recommended title for the income statement?

• A) Statement of profit and loss and other comprehensive income
• B) Profit and loss statement and other comprehensive income
• C) Statement of profit or loss and other comprehensive income
• D) Statement of financial performance

---

Definitions:

African American/Black

Pertains to individuals in the United States with origins in any of the black racial groups of Africa.

White Middle-Class

A socioeconomic group characterized by moderate to high income, cultural norms, and educational levels, predominantly of white ethnicity in Western contexts.

Latina

A woman of Latin American origin or descent, often used in the United States to refer to women from Central and South America, as well as the Caribbean.

Estrogens

A group of sex hormones that are primarily responsible for the development and regulation of female characteristics and reproductive functions.