Which of the Following Is True About an Entity's Choices

Multiple Choice

Which of the following is true about an entity's choices for presenting comprehensive income?

A) An entity has only the choice between a statement of profit or loss (PL) or a statement beginning with PL and listing all OCI items.
B) An entity must choose between presenting a statement of comprehensive income or a profit/loss statement showing net income or a net loss.
C) An entity can present total comprehensive income either in a single statement or in two statements.
D) The accounting policy choice an entity selects is applied consistently from period to period and can never be changed.