The statement of changes in shareholder's equity
A) is a required statement under private entity GAAP
B) is a required statement under IFRS
C) is a required statement under both private entity GAAP and IFRS
D) is not a required statement under either private entity GAAP or IFRS

Question

Quizplus · Accepted Answer

Under IFRS, the statement of changes in equity is a required financial statement, whereas it is not mandatory under private entity GAAP.

The Statement of Changes in Shareholder's Equity