AOperating expenses, non operating expenses, and extraordinary items.
BRevenues, cost of goods sold, and advertising expense.
CGross profit, operating profits, and net profits.
DFinance costs, tax expense, and income.
✓ Correct answer: D. Finance costs, tax expense, and income.The income statement can be made by listing expenses either by type or by function, thus this is the right answer. Income, finance expenses, the equity method portion of profits and losses, tax expense, discontinued operations, profit or loss, noncontrolling interests in profits and losses, and net profit (loss) attributable to parent equity holders are the bare minimum disclosures that must be made on the income statement.
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