QUESTION 10 Operating Income a. Is shown as a noncurrent asset. Ob. Includes any discontinued operations activity. Oc. Is not allowed by IFRS. Od. Is not useful to investors. e. None of the above. QUESTION 11 Noncurrent Liabilities are a. Amounts due in less than 12 weeks. b. Amounts due in less than 12 months. Oc. Nonrecurring, and limited by IFRS rules. d. Amounts due in more than 12 months. e. are good indication that a company is insolvent QUESTION 12 The IFRS does not allow the reporting of extraordinary items on the income statement. True False