The Statement of Changes in Equity

question 61

Multiple Choice

The statement of changes in equity:

• A) presents, either on the face of the statement or in the notes, the amounts of dividends recognised as distributions to owners during the period and the related amount per share.
• B) is identical to the statement of recognised income and expense.
• C) is the same as that required under the former AASB 1018.
• D) provides a reconciliation between the expenses outstanding at the start of the period and those outstanding at the end of the period.

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Definitions:

Field

A component of a database table that holds individual pieces of data, serving as the smallest unit of data storage, like an email address or ID number, in a structured format.

Short Text

A data type in databases used for fields that contain text or combinations of text and numbers, restricted by a maximum length.

Required

A constraint in databases or programming that specifies a field must have a value and cannot be left blank.

Validation Rule

A criterion or set of criteria set within a database or software application that must be met before data is accepted or saved.