Changes in equity in the current period that must be identified for the step 3 NCI entry include:
A) dividends paid/declared.
B) transfers to/from reserves.
C) profit/(loss) earned, adjusted for the impact of BCVR entries on the current profit.
D) all of these options.

Question

Quizplus · Accepted Answer

All three options are correct. Dividends paid or declared, transfers to/from reserves, and profit/(loss) earned (adjusted for the impact of BCVR entries on current profit) all affect the changes in equity in the current period that must be identified for the step 3 NCI entry.

Changes in Equity in the Current Period That Must Be