Locate the most recent annual financial statements for Samsung Group from its website. Examine the information in
Question:
Locate the most recent annual financial statements for Samsung Group from its website. Examine the information in the report and answer the following questions about Samsung Group’s statement of changes in equity.
Required
(a) Identify and state Samsung Group’s total comprehensive income for the period.
(b) Identify and state Samsung Group’s profit for the period.
(c) Explain why Samsung Group’s total comprehensive income and expense differ from its profit.
(d) Identify and state the amount of Samsung Group’s transactions with equity holders as equity holders during the period.
(e) Identify if the profit in the statement of changes in equity agrees with that in the statement of profit or loss.
(f) Identify if the balance of retained earnings at the end of the period agrees with that in the statement of financial position.
Step by Step Answer:
Accounting Business Reporting For Decision Making
ISBN: 9780730369325
7th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver, David Bond