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Statement of Shareholders’ Equity Assignment | Homework For You

Author:
June 8th, 2020

1.Earnings which are not recorded in income statement, rather recorded in the statement of shareholders’ equity is known as:

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a.Unearned income

b.Non-controlling interest

c.Net income

d.Other comprehensive income.Homework For You

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2.What type of audit opinion is the most ideal one issued by an auditor?

3.

Which of the following is correct under IFRS?

  1. Income includes increases in economic benefits from increases in liabilities not related to owner’s contributions.
  2. Income includes increases in enhancements of assets related to owner’s contributions.
  3. Income includes increases owner’s equity related to owner’s contributions.

None of the above. Get Finance homework help today

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