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:

Separatist Movement

Movements or campaigns by groups within a country seeking to gain autonomy or independence from the larger political entity.

Red Scare of 1919-1920

A period of intense fear of communism and radical political movements in the United States, resulting in widespread suspicion, arrests, and the suppression of civil liberties.

Progressive Intellectuals

Thinkers who advocate for reforms and improvements in society through advancements in knowledge, science, and social organization.

Black Condition

A term that could reflect the social, political, and economic experiences and realities of black people, often highlighting systemic challenges and disparities.