Q Alpha Co. is preparing its statement of profit or loss and other comprehensive income using the one-statement approach. They'd like to know if the structure and the required line items are appropriately presented. Which of the following statements is true in terms of IAS 1? Select the best response, and then click Submit Q TOTAL JAKY When a single statement is presented, the profit or loss section should follow immediately after the other comprehensive income section. When a single statement is presented, the items of OCI should be presented before related tax effects with one amount shown for the aggregate amount of income tax relating to those iterns. Submit When a single statement is presented, profit or loss and other comprehensive income should not be presented in separate sections, and all items should be classified by function. The objective is to arrive at an amount for total comprehensive income. Whichever approach is adopted, Alpha Co. should present items of OCI for the period, classified by nature and grouped into those items that will be reclassified subsequently and those that will not be reclassified subsequently to profit or loss.

Apha Co. is preparing its statement of profit or loss and other comprehensive income using the one-statement approach. Theyd like to know if the structure and the required line iterns are appropriately presented. Which of the following statements is true in terms of US 1 ? It the best response ong then dick, Submit When a single statement is presented, the profit or loss section should follow immed lately after the other comprehensive income section. Revenue Cost of sales Gross profit Distribution costs Administrative expenses Profit before tax Income tax expense PROFIT FOR THE YEAR Exchange differences on translating foreign operations Other comprehensive income for the year, net of tax TOTAL COMPREHENSIVE INCOME FOR THE YEAR 202 201 X (x) (X) x (x) (D) (X) xx (X) (x) (X) xx xx \begin{tabular}{cc} x & x \\ \hline(xx) & xx \\ \hline xx & xx \end{tabular}