The Statement of Changes in Equity

question 40

Multiple Choice

The statement of changes in equity:

• A) Presents, either on the face of the statement or in the notes, the amounts of transactions with equity holders as equity holders.
• 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.
• E) None of the given answers.

---

Definitions:

Consumers

Individuals who purchase goods and services for personal use.

Universal Set

In mathematics, it is the set that contains all objects or elements under consideration, typically within a particular discussion or problem.

Retrieval Set

A subset of brands or products that a consumer can readily bring to mind from memory when considering a purchase decision in a particular category.

Evoked Set

A group of relevant brands or products that a consumer recalls from memory when making a purchase decision.