Which of the Following Statements Is Not in Accordance with IAS

Multiple Choice

Which of the following statements is not in accordance with IAS 1 Presentation of Financial Statements with respect to the statement of comprehensive income?

A) All items of income and expense recognised in a period are to be presented in a single statement of comprehensive income.
B) All items of income and expense recognised in a period are permitted to be presented in two statements: 1) a separate statement of profit and loss and 2) a statement beginning with profit or loss and displaying components of other comprehensive income.
C) An entity shall present an analysis of expenses in profit or loss using a classification based on either the nature of expenses or their function within the entity, whichever provides information that is reliable and more relevant.
D) Components of other comprehensive income include gain on sale of property plant and equipment.