CAF-1 · Chapter 11 · Question 13 of 15
Which statement best describes the presentation of 'Other Comprehensive Income' (OCI)?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) It can be presented in a single statement combined with profit or loss, or in a separate statement immediately following the statement of profit or loss.
Explanation
IAS 1 allows comprehensive income to be presented in a single 'statement of profit or loss and other comprehensive income' or in two separate consecutive statements.
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