14. The purpose of the statement of changes in equity is to report transactions between a company and its shareholders in their capacity as shareholders. Which of the following items IS disclosed in the statement of changes in equity? ABCD[I[IIRedeemablepreferencedividendspaidDividendsreceivedFAbonusissueofsharesFinancecosts 15. Which of the following statements is or are correct? 1. For accounting information to meet the characteristic of relevance it must be free from error II. Materiality is part of the accounting objective of faithful representation 16 Which of the following would NOT be a characteristic of the principal-agent relationship? A [ ] The agent may delegate a task to other parties in certain circumstances B [ ] The agent should keep in confidence what he knows about the principal's affairs even after the agency relationship has ceased C [ ] The agent may disobey the principal if he believes that this is in the principal's best interests D [ ] The agent must account for the money he has earned working on the principal's behalf 17. If an organisation is not a going concern, on what basis are the financial statements prepared? The current cost basis The break-up basis The historical cost basis The replacement cost basis 18. Which of the following is the underlying assumption of financial statements according to the IASB's Conceptual Framework