Multiple Choice
Total recognised income and expense is also defined as:
A) Net profit reported in the income statement.
B) Net operating cash flows reported on the cash flow statement.
C) Net profit reported on the income statement, plus total of all income and expenses recognised directly in equity.
D) Net operating cash flows reported on the cash flow statement, plus total of all income and expenses recognised directly in equity.
E) Net operating cash flows reported on the cash flow statement, plus net profit reported in the income statement.
Correct Answer:

Verified
Correct Answer:
Verified
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