Which Is Not a Component of "Equity

question 66

Multiple Choice

Which is not a component of "equity"?

• A)Other comprehensive income.
• B)Contributed capital.
• C)Accumulated other comprehensive income.
• D)Retained earnings.

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Definitions:

Non-Controlling Interest (NCI)

The portion of equity ownership in a subsidiary not attributable to the parent company, reflecting the minority shareholders' share of the subsidiary's net assets and profits.

Statement Of Financial Position

A financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time, also known as a balance sheet.

IFRS 3

An International Financial Reporting Standard that deals with the accounting treatment for all business combinations.

Business Combinations

Transactions or events in which one entity gains control over one or more other businesses, often resulting in consolidations or acquisitions.