Archer has noticed that the equity of ASD has increased during the last financial year. a. Identify two possible reasons that could explain this increase

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Archer has noticed that the equity of ASD has increased during the last financial year.
a. Identify two possible reasons that could explain this increase in equity.
b. Explain to Archer how the statement of changes in equity can assist users to better understand differences between the opening and closing equity balances.

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