The statement of changes in shareholders' equity
A) is a required statement under ASPE.
B) is a required statement under IFRS.
C) is a required statement under both IFRS and ASPE.
D) is an optional statement under both IFRS and ASPE.

Question

Quizplus · Accepted Answer

Under IFRS, the statement of changes in equity is a required financial statement, whereas under ASPE (Accounting Standards for Private Enterprises in Canada), it is not mandatory.

The Statement of Changes in Shareholders' Equity