Which of the following statements is correct regarding the statement of changes in equity: If an...
Which of the following statements is correct regarding the statement of changes in equity:
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Homework Answers
Option d) is correct , SOCE reconciles between opening and closing equity and other accounts from total comprehensive income.
Statement of change in equity-
SOCE is statement under which,a reconcilation to opening equity with closing equity is provided.Under this statement all the equity items are provided.All the other comprehsive income are reported through this statement.
Please comment for any explanation,
Thanks,
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