Under IFRS, components of other comprehensive income: A. Can be reported as part of a statement of shareholders' equity. B. Must be reported in a separate statement of comprehensive income. C. Are not permitted to be reported. D. Can be reported as part of a single statement of comprehensive income.

D. Can be reported as part of a single statement of comprehensive income.

Explanation:

Other comprehensive income contains those items that are not recognised in profit or loss, it means that they are recorded in reserves which is an item of statement of owners' equity. IAS-1, which deals with preparation and presentation of financial statements, requires companies to prepare either:

- A statement of profit or loss and other comprehensive income that shows the total comprehensive income for a period.

                                                                 OR

- Prepare two separate statements; Statement of profit or loss and statement of other comprehensive income.

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