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Statement of Changes in Equity: Kabuuang Puntos Itinala Ang Email (Romarch - Sajorga@lsu - Edu.p Isinumite Ang Form Na Ito

This document appears to be a series of true/false questions about statements of changes in equity. It includes questions about how total equity is affected by profits, losses, dividends and other transactions over a period for different entities. The questions also cover topics like where different line items appear in financial statements and what information is included in a statement of changes in equity.

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Alvin Baterna
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60 views6 pages

Statement of Changes in Equity: Kabuuang Puntos Itinala Ang Email (Romarch - Sajorga@lsu - Edu.p Isinumite Ang Form Na Ito

This document appears to be a series of true/false questions about statements of changes in equity. It includes questions about how total equity is affected by profits, losses, dividends and other transactions over a period for different entities. The questions also cover topics like where different line items appear in financial statements and what information is included in a statement of changes in equity.

Uploaded by

Alvin Baterna
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 6

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

Ginawa ang form na ito sa La Salle


University.

 Forms

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