Select the correct answer. Which of the following is correct regarding the options in presenting information in the financial statements under IAS 1? Select the correct answer Entities may amend the descriptions used for the financial statements or the line items in the financial statements when applying IAS 1 When entities elect to classify expenses recognized in profit or loss by their nature, they must also present these expenses by function in the notes Changes in non-owner equity may be presented within the statement of changes in equity or in the notes Additional information beyond the minimum requirements may be presented in the notes but not in the statements