Which items are included in the income statement (statement of profit or loss)

Which items are included in the income statement (statement of profit or loss)

Which items are included in the income statement (statement of profit or loss)?

A. Sales revenue

B. Cost of sales

C. Non-current assets

D. Operating expenses

Answer: ABD

Explanation: The income statement records income and expenses to calculate profit. Non-current assets are reported on the statement of financial position.