Which of the following items does IFRS require to be disclosed but not necessarily presented on the income statement?

A.

income of associates

B.

finance costs

C.

turnover

D.

litigation settlements

2.

Which of the following is not a characteristic that must be considered when determining that a business activity is a component of an entity for purposes of classifying that activity as a discontinued operation?

A.

The activity comprises operations and cash flows.

B.

The activity can be clearly distinguished for financial reporting purposes.

C.

The activity is a portion of the entity.

D.

The activity constitutes a strategic advantage.