1919 - TOA – STATEMENT OF CHANGES IN EQUITY Financial Capital and Physical Capital PDF

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HTU CPA In-House Review (HCIR) Financial Accounting and ReportingTOA – STATEMENT OF CHANGES IN EQUITY Financial Capital and Physical Capital April G. In the statement of changes in equity, the effect of the retrospective application of a change in accounting policy is presented a. Separately for eac...

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HTU CPA In-House Review (HCIR) Financial Accounting and Reporting TOA – STATEMENT OF CHANGES IN EQUITY Financial Capital and Physical Capital

April G.

1. In the statement of changes in equity, the effect of the retrospective application of a change in accounting policy is presented a. Separately for each component of equity. b. In aggregate for total equity. c. In aggregate for total equity and separately for the total amount attributable to owners of the parent and noncontrolling interest. d. Separately for the total amount attributable to owners of the parent and the noncontrolling interest. 2. In the statement of changes in equity, the effect of the correction of a prior period error is presented a. Separately for each component of equity. b. In aggregate for total equity. c. In aggregate for total equity and separately for the total amount attributable to owners of the parent and noncontrolling interest. d. Separately for the total amount attributable to owners of the parent and the noncontrolling interest. 3. Which of the following should be presented in the statement of changes in equity? a. Investment by owners b. Distributions to owners c. Change in ownership interest in subsidiary that does not result in a loss of control d. All of these should be presented in the statement of changes in equity 4. Which of the following does not appear in a statement of retained earnings? a. Net loss b. Prior period error c. Preference share dividend d. Other comprehensive income 5. Which of the following would appear first in a statement of retained earnings? a. Net income b. Prior period error c. Cash dividend d. Share dividend 6. Which of the following would not appear in the statement of retained earnings? a. Net loss b. Prior period adjustment c. Discontinued operation d. Dividend declared 7. Corrections of errors in prior period are included in a. Retained earnings b. Other comprehensive income c. Net income d. Share premium

1919

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