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  2. Topic
    Business
  3. Study Set
    Financial Accounting and Reporting
  4. Exam
    Exam 14: The Statement of Comprehensive Income and Statement of Changes in Equity
  5. Question
    By Focusing Only on the Statement of Profit and Loss,we
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By Focusing Only on the Statement of Profit and Loss,we

Question 33

Question 33

True/False

By focusing only on the statement of profit and loss,we do not obtain a full picture of all the gains and losses that may have occurred for an entity during the period.

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