Under IAS 1/AASB 101 the Statement of Changes in Equity

question 24

Multiple Choice

Under IAS 1/AASB 101 the statement of changes in equity must disclose how many of the following?
Total comprehensive income for the period.
A reconciliation between carrying amount at the beginning and end of the period for each item of equity.
Contributions by and distributions to owners, disclosed separately.

• A) 0
• B) 1
• C) 2
• D) 3

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Definitions:

Resilience

The capacity of individuals, systems, or organizations to recover quickly from difficulties; toughness.

Authentic Leadership

A leadership style that emphasizes genuineness, integrity, and transparency, encouraging leaders to be true to themselves and their values.

Relational Transparency

Being open and honest in disclosing one's thoughts, feelings, and intentions in a relationship, fostering trust and understanding.

Balanced Processing

A decision-making strategy where leaders carefully weigh all available information and viewpoints before making a decision.