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  3. Study Set
    Financial Accounting and Reporting
  4. Exam
    Exam 14: The Statement of Comprehensive Income and Statement of Changes in Equity
  5. Question
    The Statement of Profit or Loss (Income Statement)under IAS 1
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The Statement of Profit or Loss (Income Statement)under IAS 1

Question 61

Question 61

True/False

The statement of profit or loss (income statement)under IAS 1 is designed to report all revenues and expenses to determine profit or loss.

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