the amount of equity of owners of parent is:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
1

Transcribed Image Text:The following data are drawn from ABC company in 31-12-2020
Debit
Credit
Account
Cash and cash equivalents
Treasury shares
Inventories
Share premium
Revaluation surplus
Intangible Assets
Select one:
O
O
O
Non-controlling interests
Investment property
Retained earnings
10,000
Accounts payable
10,000
Share capital
70,000
Total
160,000
160,000
Under IAS 1, the amount of equity of owners of parent is:
O
10,000
10,000
30,000
a. 130000
b. All answers are false
c. 120000
d. 320000
e. 140000
f. 160000
100,000
10,000
50,000
10,000
10,000
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