IFRS requires that companies report their expenses based on either their nature or their function. What does the "function of an expense" refer to?Multiple choice question.whether the expenses are shown in the proper section of the multi-step income statement.the grouping of expenses based on their purpose, such as selling, administrative and cost of goods sold.whether all of the expenses are shown under the full disclosure principle.the type of expense, such as depreciation, rent and salaries.