Nature of Expenses – NBC Institute

FA – May 2021 – L1 – SA – Q17 – Financial Statements Preparation

Identify an item not disclosed in the statement of comprehensive income using nature of expenses method.

Question

When the statement of comprehensive income is prepared using nature of expenses method, the following information is disclosed, EXCEPT:

A. Gross profit
B. Changes in inventories of finished goods
C. Employee benefit expenses
D. Depreciation and amortisation expenses
E. Raw materials and consumables used

Answer

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Tags: Comprehensive Income, Nature of Expenses
Level: Level 1

Topic: Financial Statements Preparation
Series: MAY 2021

Question Tag: Nature of Expenses

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FA – May 2021 – L1 – SA – Q17 – Financial Statements Preparation

Identify an item not disclosed in the statement of comprehensive income using nature of expenses method.

FA – May 2021 – L1 – SA – Q17 – Financial Statements Preparation

Identify an item not disclosed in the statement of comprehensive income using nature of expenses method.

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Question Tag: Nature of Expenses

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FA – May 2021 – L1 – SA – Q17 – Financial Statements Preparation

Identify an item not disclosed in the statement of comprehensive income using nature of expenses method.

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FA – May 2021 – L1 – SA – Q17 – Financial Statements Preparation

Identify an item not disclosed in the statement of comprehensive income using nature of expenses method.

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