IAS 1 States That an Entity Shall Present a Statement

question 25

Multiple Choice

IAS 1 states that an entity shall present a statement of changes in equity showing on the face of the statement:

• A) Total comprehensive income for the period,showing separately the total amounts attributable to owners of the parent and to non-controlling interests;.
• B) For each component of equity,the effects of retrospective application or retrospective restatement recognized in accordance with IAS 8.
• C) For each component of equity,a reconciliation between the carrying amount at the beginning and the end of the period,separately disclosing changes resulting from:
• (i)profit or loss; (ii)each item of other comprehensive income;and (iii)transactions with owners in their capacity as owners,showing separately contributions by and distributions to owners and changes in ownership interests in subsidiaries that do not result in a loss of control.
• D) All of these

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Definitions:

Lindane-Based Shampoo

A medicated shampoo used to treat lice and scabies, containing the pesticide lindane.

Fine-Toothed Comb

A comb with very close, fine teeth used for detailed grooming or searching through details carefully.

Testicular Cancer

A form of cancer that develops in the testicles, the male reproductive glands, often detectable by changes in size or texture of the testicles.

Inguinal Hernia

A condition where tissue, such as part of the intestine, protrudes through a weak spot in the abdominal muscles around the inguinal area.