A Listing of Possible Things to Be Included in the Changes

question 14

Multiple Choice

A listing of possible things to be included in the changes in equity statement was prepared by a trainee in the financial controller's division of Financial Excellence Ltd.The listing contained the following:
I $\quad$ total comprehensive profit for the period
II $\quad$ total amounts comprehensive profit allocated to non-controlling interest and owners of the parent
III $\quad$ for each component of equity, retrospective effect of changes in accounting policy
IV $\quad$ for each component of equity, retrospective correction of errors
V $\quad$ for each component of equity, a reconciliation between the amounts at the beginning and the end of the reporting period
VI $\quad$ the reconciliation required by V includes changes due to period profit or loss
VII $\quad$ the reconciliation required by V includes changes due to each items of other comprehensive profit
VIII $\quad$ the reconciliation required by V includes changes with owners in their capacity as owners
-The items for which disclosure must be made for each component of equity are:

• A)III to V
• B)III to VIII
• C)I to III
• D)all of I to VIII

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Definitions:

Oral Stage

The first stage in Freud's psychosexual development theory, occurring from birth to 18 months, where pleasure centers on the mouth.

Anal Stage

A phase in Freudian psychosexual development where a child's focus of pleasure is on controlling bladder and bowel movements, typically occurring between ages 18 months to 3 years.

Psychoanalytic Thought

A body of theories first developed by Sigmund Freud that emphasizes the influence of the unconscious mind on behavior, the importance of childhood experiences, and the roles of conflict between conscious and unconscious forces.

Libido

In psychoanalytic theory, a term used to describe sexual desire or the driving force behind all human behavior according to Freud.