What is the format of the one-statement income statement approach under IFRS?

A. All income items are netted together with no distinction of which items relate to comprehensive income.
B. All components of revenue and expense are reported in a combined statement which computes net income or loss followed by components of comprehensive income or loss to arrive at comprehensive income.
C. A combined statement computes comprehensive income or loss followed by deductions of the components of comprehensive income or loss to arrive at net income.
D. Items considered part of comprehensive income are listed amongst the revenues and expenses.

Ans: B. All components of revenue and expense are reported in a combined statement which computes net income or loss followed by components of comprehensive income or loss to arrive at comprehensive income.