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Which are excluded from the calculation of a company profit

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Reference no: EM133012323

Problem 1: Which of these are excluded from the calculation of a company's profit or loss under IAS 1?

A. Depreciation of non-current assets

B. Upward revaluations of non-current assets

C. Adjustment from the adoption of a new accounting standard

D. B and C

E. None of the above

Problem 2: Some of the categories of revenue requiring separate disclosure under IAS 18 are:

A. Revenue from the rendering of services

B. Rents received

C. Dividends received

D. All of the above

E. A and C

Reference no: EM133012323

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