The IFRS Statement of Recognized Income and Expenses

Multiple Choice

The IFRS statement of recognized income and expenses

A) does not recognize charges to equity such as revaluation surplus values.
B) is a required report under IFRS reporting requirements.
C) reports the items that were charged directly to equity such as revaluation surplus.
D) is similar to the U.S. GAAP income statement in that it only reports revenues and expenses of the period.