The Accounting Firm of Lassiter Black LLC Under IFRS, These Costs Should Be Charged To:
A)net Income

Multiple Choice

The accounting firm of Lassiter Black LLC.is preparing their year-end financial reports.The firm has incurred the following costs relating to work, which is not yet completed: $$\begin{array}{l}\begin{array} { l r } \text { Salaries } & \$ 2,700 \\\text { Travel expenses } & \$ 650\end{array}\\\text { Printing and supplies } \quad \$ 350\end{array}$$ Under IFRS, these costs should be charged to:

A) net income.
B) other comprehensive income.
C) work in progress.
D) retained earnings.