Included in a Statement of Changes in Equity Are the Following

question 11

Multiple Choice

Included in a statement of changes in equity are the following items:
I Opening and closing balances.
II Profit or loss for the period.
III Gains or losses not recognised in the statement of profit or loss and other comprehensive income.
IV New share issues.
V Dividends paid.

• A)I,II & III only
• B)II,III and IV only
• C)I,IV and V only.
• D)I,II,IV and V only.

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Definitions:

Human Errors

Mistakes made by individuals, often attributed to factors such as misjudgment, lack of attention, or misunderstanding.

Representative Data

Data that accurately reflects the characteristics or behavior of the entire population or phenomenon being studied.

Conventional System

A standard and widely accepted system or method followed in a specific field or environment.

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