Which of the following items are included in a statement of changes in equity? I Opening and closing balances.
II Total comprehensive income 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

Question

Quizplus · Accepted Answer

A statement of changes in equity includes opening and closing balances, total comprehensive income for the period, gains or losses not recognised in the statement of profit or loss and other comprehensive income, and new share issues. Dividends paid are also included as they affect the amount of equity available to shareholders. Therefore, the correct choice is D, which includes all of the above items.

Which of the Following Items Are Included in a Statement