chapter 10 of f7 opentution notes……example 5

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  • Avatar of Miss A..
    Miss A..
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    Sir, why is not share capital included in statement of changes in equity in the answer to notes of chapter 10 of f7 opentution notes……example 5?


    Avatar of MikeLittle
    MikeLittle
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    The Statement of Changes in that question was merely showing the extracts – for retained earnings? – and was not intended to be a complete Statement of Changes.

    In question 2 of the exam, Steve Scott MAY ask for a Statement of Changes, but could equally well ask you for just the Retained Earnings extract from the Statement

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