Listed below are some items that may appear in a company’s income statement, either separately disclosed or
included in another figure.
(1) Profit or loss on discontinuing operations
(2) Profit or loss on the sale of part of the enterprise
(3) Extraordinary items
According to International Accounting Standards, which of these items must always be shown separately if
material to avoid misleading users?
A All three items
B 1 and 2 only
C 1 and 3 only
D 2 and 3 only.

A