A Listing of Possible Things to Be Included in the Changes

question 22

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
-Only the following must be included in a changes in equity statement:

• A)all of IV to VIII
• B)I, II and III
• C)all of I to VIII and the amount of earnings per share
• D)all of I to VIII

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Definitions:

Standard Error

A statistical measure that describes the accuracy with which a sample distribution represents a population using the standard deviation.

Regression Line

A straight line that best fits the data on a scatter plot, indicating the average relationship between the independent and dependent variables.

Coefficient Of Determination

A statistical measure, often denoted as R-squared, that represents the proportion of the variance in the dependent variable that is predictable from the independent variables, indicating the strength of the relationship.

Variation

The measurable difference between members of a population or set of data points.