Asked by Widelyne Loiseau on May 17, 2024
Verified
Under IFRS equity is described as each of the following except
A) retained equity.
B) shareholders' funds.
C) owners' equity.
D) capital and reserves.
Under IFRS
Refers to the accounting and reporting standards under the International Financial Reporting Standards framework, used globally.
Equity
The ownership interest held by shareholders in a corporation, represented by the residual assets of the company after deducting liabilities.
Shareholders' Funds
The total value of all a company's assets minus its liabilities, representing the equity ownership of shareholders.
- Distinguish and grasp the components that make up the stockholders' equity segment on the balance sheet.
Verified Answer
Learning Objectives
- Distinguish and grasp the components that make up the stockholders' equity segment on the balance sheet.
Related questions
Charleston Corporation Has the Following Accounts at December 31: Common ...
Using the Following Information, Prepare the Stockholders' Equity Section of ...
Using the Following Accounts and Balances, Prepare the Stockholders' Equity ...
The Number of Shares Currently Held by Stockholders ...
Par Value of Stock Represents the __________________ Per Share That ...