Changes in Equity in the Previous Periods Up to the Beginning

question 21

Multiple Choice

Changes in equity in the previous periods up to the beginning of the current period that must be identified for the step 2 NCI entry do not include:

• A) changes in retained earnings, adjusted for the impact of BCVR entries on the opening balance of retained earnings.
• B) transfers to/from reserves.
• C) changes in share capital.
• D) dividends paid/declared.

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Definitions:

Oxidation

A chemical reaction in which a substance loses electrons, often associated with the gain of oxygen or loss of hydrogen, crucial in energy production and metabolic processes.

Electrons

Subatomic particles with a negative charge that circle around an atom's nucleus.

Dehydration

The loss or removal of water from something, commonly referring to the state in which an organism's body loses more fluids than it takes in.