Question: Choose whether each item below is reported in: the statement of financial position profit or loss in the statement of profit or loss and other

Choose whether each item below is reported in: the statement of financial position profit or loss in the statement of profit or loss and other comprehensive income other comprehensive income in the statement of profit or loss and other comprehensive income the statement of changes in equity the notes to the financial statements. (5 Marks) Deferred tax asset Answer 1 Choose... Finance costs Answer 2 Choose... Gain on revaluation of equipment - OCI Answer 3 Choose... Transfer from retained earnings to general reserve Answer 4 Choose... Cost of Goods Sold

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