Multiple Choice
Under IAS 1/AASB 101, the statement of changes in equity is:
A) an additional financial report that each entity is required to supply to its external users.
B) only required to show changes in retained earnings, not changes in share capital.
C) not required to separately disclose transfers to reserves from retained profits as they do not change total equity.
D) only required to reconcile the opening and closing balance of total equity, not the individual equity components.
Correct Answer:
Verified
Correct Answer:
Verified
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