CHANGE IN EQUITY

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May 7, 2019 at 11:13 am #515187
cindy7
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WHICH OF THE FOLLOWING SHOULD APPEAR AS ITEMS IN THE COMPANY CHANGE OF EQUITY
1. PROFIT FOR THE FINANCIAL YEAR
2. INCOME FROM INVESTMENT
3. GAIN ON REVALUATION OF NON CURRENT ASSET,
4. DIVIDENDS PAID

INCOME ON INVESTMENT CANNOT BE INCLUDED BECAUSE IT IS AN INCOME AND NOT A PROFIT OR A GAIN. UNLESS IT SAID PROFIT FROM INVESTMENT. THEN IT WILL BE INCLUDED UNDER CAPITAL RESERVES RIGHT?
May 7, 2019 at 3:06 pm #515237
John Moffat
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Please do not type in capital letters!

What you have written is correct (but surely you have the answer to this in the same book in which you found the question!!!).
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