Which of the following is correct?

a. A statement of fi nancial position contains information about how components of equity changes during a period

b. Other comprehensive income items may turn a “loss” in the income statement to a

“profi t” in the statement of comprehensive income

c. Entities must present their statement of comprehensive income, followed by statement of financial position, statement of changes in equity and, lastly, statement of cash flows

d. An entity is not allowed to aggregate its revenue into one single line on the income statement