Which of the following is not an implication of the framework's definition of equity?
A) Measurement of equity depends on the concept of capital employed
B) Components of equity, such as share capital, can be identified
C) It cannot be identified independently of assets and liabilities
D) It ranks after liabilities on winding up

Question

Quizplus · Accepted Answer

The Answer of Which of the following is not an implication of the framework's definition of equity?
A) Measurement of equity depends on the concept of capital employed
B) Components of equity, such as share capital, can be identified
C) It cannot be identified independently of assets and liabilities
D) It ranks after liabilities on winding up

Which of the Following Is Not an Implication of the Framework's