CAF-1 · Chapter 8 · Question 3 of 15
Where must an entity present the amount of dividends recognized as distributions to owners during the period?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Either in the statement of changes in equity or in the notes.
Explanation
An entity shall present, either in the statement of changes in equity or in the notes, the amount of dividends recognized as distributions to owners during the period.
More Statement of Changes in Equity MCQs
- Q5An interim dividend of Rs. 15 million is paid during the financial year. How is this recorded in the financial statements?
- Q6What is the primary purpose of a 'Dividend Equalization Reserve'?
- Q7Which of the following is NOT permitted to be charged or credited to the Share Premium account?
- Q8A company issues a 10% bonus share to its existing shareholders out of retained earnings. What is the net effect on total equity?
- Q9When an entity discovers a material error from a prior period, how is the correction presented in the statement of changes in equity?