Section 12 - Accounting Standard AASB 18 Presentation and Disclosure in Financial Statements - An entity shall present its statement(s) of financial performance as either: | Zoe

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Accounting Standard AASB 18 Presentation and Disclosure in Financial Statements

12An entity shall present its statement(s) of financial performance as either:

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12 An entity shall present its statement(s) of financial performance as either:
(a) a single statement of profit or loss and other comprehensive income, with profit or loss and other comprehensive income presented in two sections – if this option is chosen, an entity shall present the profit or loss section first followed directly by the other comprehensive income section; or
(b) a statement of profit or loss and a separate statement presenting comprehensive income that shall begin with profit or loss – if this option is chosen, the statement of profit or loss shall immediately precede the statement presenting comprehensive income.