True/False An entity presenting a single statement of comprehensive income shall present a statement of changes in equity.An entity presenting a separate income statement and a separate statement of comprehensive income shall present a statement of changes in equity.A statement of changes in equity is required to be presented as a primary statement showing total comprehensive income for the period, showing separately the total amounts attributable to owners of the parent and to non-controlling interests

Financial statements are defined as the records that are prepared by the business entities as per…

Answered: True/False An entity presenting…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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True/False

An entity presenting a single statement of comprehensive income shall present a statement of changes in equity.
An entity presenting a separate income statement and a separate statement of comprehensive income shall present a statement of changes in equity.
A statement of changes in equity is required to be presented as a primary statement showing total comprehensive income for the period, showing separately the total amounts attributable to owners of the parent and to non-controlling interests

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