Which of the Following Statements in Relation to Income Is

Multiple Choice

Which of the following statements in relation to income is true?

A) Gains are normally reported separately from revenue in the Statement of Profit or Loss and Other Comprehensive Income due to the different probabilities attached to that type of income.
B) The Framework requires that all items of income are reported on a net basis.
C) Gains and revenue are different in nature and therefore are recognised as separate elements of the financial statements per The Framework.
D) The Framework defines income as an increase in economic benefits which results in an increase in equity.