In accordance with the requirements of IAS 1 Presentation of Financial Statements, which one of the following statements is correct?

Question 2 options:

1)

Reclassification adjustments relating to components of other comprehensive income must be disclosed.

2)

The share of profit or loss of associates determined using the equity method must be included in other comprehensive income.

3)

Every item that appears in other comprehensive income will require a reclassification adjustment in future reporting periods when the item involved is derecognised.

4)

Retrospective adjustments arising from a change in accounting policy in accordance with IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors must be included in other comprehensive income.