A Statement of Changes in Equity Discloses Each of the Following

question 97

Multiple Choice

A statement of changes in equity discloses each of the following except:

• A) The market value of the shareholders' equity at the end of the year.
• B) The cost of treasury share owned at the end of the year.
• C) Profit for the current year.
• D) The amount of cash dividends declared during the current year.

---

Definitions:

Inventory

An accounting term for goods and materials held by a company in stock with the intention of selling them or transforming them in the production process.

Consolidated Cost

The combined cost of an asset that includes the purchase price and all costs necessary to prepare the asset for its intended use, within a group of consolidated companies.

Cost Method

An accounting method used for investments, where the investment is recorded at cost and adjusted only for dividends received.

Consolidated Financial Statements

Financial reports that aggregate the financial position, results of operations, and cash flows of a parent company and its subsidiaries.