Asked by Katherine Lupercio on Apr 28, 2024
Verified
IFRS reporting requires all of the following items except
A) earnings per share disclosure
B) comprehensive income disclosure in a statement of stockholders' equity
C) disclosure of the results of discontinued operations
D) operating expenses disclosure
Stockholders' Equity
The residual interest in the assets of an entity that remains after deducting its liabilities, representing the ownership interest in a company.
- Understand the distinctions between GAAP and IFRS regarding financial reporting and disclosure requirements.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
B
Explanation :
IFRS does not require the disclosure of comprehensive income within a statement of stockholders' equity. Comprehensive income is typically presented in its own statement or within the statement of income and retained earnings.
Learning Objectives
- Understand the distinctions between GAAP and IFRS regarding financial reporting and disclosure requirements.