Question 34 Answer saved Marked out of 100 Flag question Which of these statements is/are correct? 1 Under IFRS, a Profit and Loss A/c is known as an Income Statement which includes the Provision for Depreciation A Statement of Financial Position provides information about a company's Expenses. Select one: a Only I is correct. O b. Both (1) and (1) are correct. O c. Both (1) and (1) are incorrect. O d. Only l is correct. Clear my choice