Under IFRS, Equity Does NOT Include

question 63

Multiple Choice

Under IFRS, equity does NOT include

• A) long-term leases.
• B) common and/or preferred shares.
• C) accumulated other comprehensive income.
• D) retained earnings.

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Definitions:

Soybeans

A type of edible legume that is widely cultivated for its nutrient-rich seeds and oil.

Alfalfa

A perennial flowering plant widely cultivated as fodder for livestock due to its high protein content and essential nutrients.

Opportunity Cost

The cost of foregone alternatives; the value of the best alternative that is given up as a result of making a decision.

Alfalfa

A perennial flowering plant often used as fodder for livestock, particularly rich in nutrients.