Question

Current Attempt in Progress X Your answer is incorrect. An IFRS statement might include all of the following except O cumulative effect of a change in accounting principle. O net income or loss. unrealized gains or losses on the revaluation of long-term assets. O extraordinary gain or loss. e Textbook and Media Save for Later Atte

Answer 1

Solution ;

An IFRS statement might include all of the following except extraordinary gains or loss .

Note*

IFRS can be referred as principle - based standards . The IFRS financial statement forms include a statement

of financial position , a statement of comprehensive income , a statement of changes in equity and

cash flow statement .