Examlex

Solved

Under IFRS, the Statement of Stockholders' Equity Summarizes Changes of Exactly

question 109

True/False

Under IFRS, the statement of stockholders' equity summarizes changes of exactly three elements: contributed capital, retained earnings, and other comprehensive income.


Definitions:

Egocentrism

The psychological tendency to view the world from one's own perspective while having difficulty understanding other viewpoints.

Conservation

Conservation involves the protection, preservation, management, or restoration of natural environments, wildlife, and natural resources.

Preoperational

A stage in Piaget's theory of cognitive development, typically from ages 2 to 7, where children are unable to understand concrete logic and are instead focused on manipulation of symbols and language.

Concrete Operational

A phase in Piaget's model of cognitive growth where kids develop the skill to reason logically regarding tangible occurrences.

Related Questions