Question

XYZ Ltd. changed the format of its Statement of Profit and Loss from ‘nature of expense’ method to ‘function of expense’ method in accordance with Ind AS. The change was made to provide better clarity for management decisions. Which of the following would now be more visible?

A Depreciation expense as a separate line
B Cost of Goods Sold under operating expenses
C Interest paid to creditors
D Dividend declared
E Cash flows from operations
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