Which statement below is true? Retained earnings unappropriated is shown as part of reserves in the preparation of statement of changes A in equity. B Comprehensive income is shown in the statement of changes in equity. For each component of equity, the effects of changes in accounting estimate and correction of errors are reflected in the statement of changes in equity. The statement of changes in equity is a formal statement that shows the movements in the elements or components of the profit or loss
Which statement below is true? Retained earnings unappropriated is shown as part of reserves in the preparation of statement of changes A in equity. B Comprehensive income is shown in the statement of changes in equity. For each component of equity, the effects of changes in accounting estimate and correction of errors are reflected in the statement of changes in equity. The statement of changes in equity is a formal statement that shows the movements in the elements or components of the profit or loss
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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