Question：Which one of the following statements regarding a limited liability company statement of comprehensive income is correct?
　　A. Accounting standards define the expenses which are reported under 'cost of sales'
　　B. 'Depreciation' appears as a separate heading
　　C. Interest payable is deducted from profit after taxation
　　D. Irrecoverable debts will be included under one of the expense headings (usually administrative expenses)
　　The correct answer is:Irrecoverable debts will be included under one of the expense headings (usually administrative expenses).
　　解析：Accounting standards define the expenses which are reported under 'cost of sales' - The contents of cost of sales are not defined by any IFRS.
　　'Depreciation' appears as a separate heading - Depreciation will be included under the relevant expense heading (eg office equipment depreciation will go into administrative expenses).
　　Interest payable is deducted from profit after taxation - Net profit is calculated after interest.