Examlex
Which of the following statements is NOT true?
Statement Of Changes In Equity
A financial statement that details the movements in equity accounts during a specific period, including share capital, reserves, and retained earnings.
Resources
Assets or items of value owned by a company or individual, which can be used to produce goods, provide services, or generate income.
Corporation
A legal entity recognized by law that is separate from its owners, with the ability to own assets, incur liabilities, and sell shares to investors.
Assets
Resources owned or controlled by a business, expected to produce economic value or benefits in the future.
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