Caroline, Inc

question 62

Multiple Choice

Caroline, Inc.hired a new controller in late 2011.The controller has not prepared financial statements using IFRS before and needs your assistance.In compiling a complete set of financial statements under IFRS, in what order should the following items be reported in the equity section on the statement of financial position at December 31, 2011? If an item is not reported in the equity section, omit it from your answer.
I.Share premium
II.Retained earnings
III.Investments
IV.Non-controlling interest
V.Accumulated comprehensive income
VI.Share capital

• A)I, VI, IV, II, V, III
• B)VI, I, II, V, IV
• C)VI, I, IV, II, V
• D)III, VI, I, II, IV, V

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Definitions:

Utilization Deficiency

A situation in which using a memory strategy does not seem to boost memory.

Production Deficiency

Failure to use a memory strategy one has knowledge of even in a situation where it is ordinarily helpful.

Memory Strategy

Techniques or methods employed to enhance memory performance, facilitating the encoding, storage, and retrieval of information.

Other-Transforming

An immature interpersonal style in which an individual tries to dominate or coerce a friend into meeting his needs. Acting to change or transform the other; can involve bullying, aggression, or manipulation.