Wiley CPA Exam Review 2011 Update by Roger Philipp
Author:Roger Philipp
Language: eng
Format: epub
ISBN: 9781118016398
Publisher: Wiley
Published: 2010-11-14T00:00:00+00:00
9. Which of the following may not be disclosed on the income statement for a company that prepares its financial statements in accordance with IFRS?
a. Gain or loss.
b. Tax expense.
c. Gain or loss from extraordinary items.
d. Gain or loss from discontinued operations.
10. Glenda Corporation prepares its financial statements in accordance with IFRS. Glenda must report finance costs on the statement of cash flows:
a. In operating activities.
b. Either in operating activities or financing activities.
c. In financing activities.
d. In investing activities or financing activities.
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