Caroline, Inc

question 80

Multiple Choice

Caroline, Inc.hired a new controller in late 2015.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, 2015? 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:

First Half of the 1900s

A period referring to the years between 1900 and 1950, notable for significant historical events including two World Wars.

Ethnic Identity

A person's sense of belonging to a particular ethnic group, incorporating aspects such as heritage, culture, language, and religion.

Social Groups

Collections of individuals bound by shared interests, identities, or relationships.

Inequality

The unequal distribution of resources, opportunities, and rights among individuals or groups, leading to disparities in wealth, power, and social status.