Statement

of Changes
in Equity
Kabuuang puntos 10/10

Itinala ang email

(romarch.sajorga@lsu.edu.p
h) ng sumagot noong
isinumite ang form na ito.

True or False: 1/1

Entity A's total
equity at the
beginning of the
period was P100.
During the
period, Entity A
earns profit of
P20 and declares
dividends of P5.
Entity's A's total
equity at the end
of the period is
P125. *

False

True
True or False: 1/1
Entity D's total
equity at the
beginning of the
period was P50.
During the
period, Entity D
reports total
comprehensive
income of P20
and declares
dividends of P5.
The net change
in Entity D's
equity during the
period is an
increase of P20.
*

True

False
True or False: 1/1
Entity B's total
equity at the
beginning of the
period was P20.
During the
period, Entity B
incurs loss of P2
and declares
dividends of P5.
Entity's B's total
equity at the end
of the period is
P13. *

True

False

True or False: 1/1

Entity C's total
equity at the end
of the period is
P115. During the
period, Entity C
earns profit of
P20 and declares
dividends of P5.
Entity's C's total
equity at the
beginning of the
period was P100.
*

False

True
True or False: The 1/1
equity section of
the statement of
financial position
of a corporate
business shows
more than one
equity
component. *

True

False

Dividends are 1/1

disclosed in the *

notes

Statement of
financial position

Either statement
of changes in
equity or notes

Statement of
changes in equity
Use the photo 1/1
below to answer
this item. *

The amount of 1/1

profit or loss
appears in which
of the following
financial
statements? *

Statement of
comprehensive
income

Statement of
financial position

Statement of
changes in equity

Both in
statement of
comprehensive
income and
statement of
changes in equity
 The statement of 1/1
changes in
equity is dated *

not dated

as of a point in time

for a period of
time

after some time

The first line in 1/1

the Statement of
changes in
owner's equity is
*

beginning capital

drawings

profit or loss

additional
contributions

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University.

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