Which of the Following Items, If It Exists, Does NOT

question 12

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 inventories.
• C) Profit or loss attributable to non-controlling interests.
• D) Post-tax profit or loss of discontinued operations.

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Definitions:

Legislative Branch

The branch of government responsible for making laws, often composed of a parliament or a similar legislative body.

Charter Rights

Rights and freedoms that are guaranteed under the Canadian Charter of Rights and Freedoms, including freedom of expression, right to a fair trial, and protection against discrimination.

Legal Excuse

A legally valid justification for an act that would otherwise be considered illegal, relieving the actor from liability.

Constitution Act, 1867

The foundational statute that established Canada's federal system of government and the framework for its parliamentary system.