CAF-1 · Chapter 8 · Question 10 of 15
Which document explicitly presents the reconciliation between the carrying amount of each component of equity at the beginning and end of the period?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Statement of changes in equity.
Explanation
The statement of changes in equity provides a reconciliation between the carrying amount at the beginning and the end of the period for each component of equity.
More Statement of Changes in Equity MCQs
- Q12A company issues 1 million ordinary shares of Rs. 10 each at a price of Rs. 15 per share. How is the Rs. 5 per share excess recorded?
- Q13Which of the following is an example of an item that is recognized in 'Other Comprehensive Income' and subsequently appears in the…
- Q14Which of the following statements about irredeemable preference shares is true in the context of equity?
- Q15Transaction costs directly related to the issuance of new shares should be:
- Q1Which of the following is considered a 'revenue reserve' (distributable reserve) in the statement of changes in equity?