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      Question

      As per Ind AS 1, an entity must present a Statement of

      Changes in Equity (SOCIE) to show:
      A The profit or loss for the period Correct Answer Incorrect Answer
      B Each component of other comprehensive income Correct Answer Incorrect Answer
      C The effects of retrospective application Correct Answer Incorrect Answer
      D All of the above Correct Answer Incorrect Answer

      Solution

      The SOCIE includes a) total comprehensive income for the period, showing separately the amounts attributable to owners and NCI; b) the effects of retrospective application of accounting policies; c) reconciliations between the carrying amounts of equity at the beginning and the end of the period.

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