An entitys equity may decrease during a fi nancial period because: a. There was a new share

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An entity’s equity may decrease during a fi nancial period because:

a. There was a new share issuance.

b. Total comprehensive income was higher than net profit.

c. Prior-period errors resulted from overstatement of the previous year’s profi ts.

d. Other comprehensive income was lower than net profit.

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Financial Accounting International Financial Reporting Standards

ISBN: 9780273777809

1st Global Edition

Authors: Walter T Harrison, Charles Horngren, Bill Thomas, Themin Suwardy

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