Question

IAS 1 requires that an entity presents a statement of profit or loss and other comprehensive...

IAS 1 requires that an entity presents a statement of profit or loss and other comprehensive income. The other comprehensive income section may include

exceptional items of profit or loss

dividends declared and paid during the period

royalty income

remeasurements of a defined benefit plan

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Answer #1

As per IAS-1 Other Comprensive income include the following-

1 Change in revluation reserve
2 Remeasurement of defined benefit plan
3 Gains or losses from pension and other retirement programs
4 Adjustments made to foreign currency transactions
5 Gains or losses from derivative instruments
6 Unrealized gains or losses from debt securities
7 Unrealized gains or losses from available-for-sale securities

Answer-

Includein Other Comprehensive Income
exceptional items of profit or loss No
dividends declared and paid during the period No
royalty income No
remeasurements of a defined benefit plan Yes
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