Question
Which of the following is correct regarding income statement presentation? Income from continuing operations is the last line shown on the income statement. IFRS does
Which of the following is correct regarding income statement presentation?
|
| Income from continuing operations is the last line shown on the income statement. |
|
| IFRS does not allow the use of a single-step income statement. |
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| Unusual gains or losses must be presented in a separate section after income from continuing operations. |
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| IFRS requires that both basic and diluted earnings per share be presented, whereas ASPE does not. |
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| none of the above |
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
