Question
A company reports Net Profit of $1,406 and Total Change in Equity of $1,200. Possible reasons for the difference between Profit and Change in Equity
A company reports Net Profit of $1,406 and Total Change in Equity of $1,200. Possible reasons for the difference between Profit and Change in Equity are
1. The company uses fair value accounting and records increases in the value of PPE above total cost.
2. The company uses fair value accounting and records decreases in the value of PPE below initial cost.
3. The company receives a dividend
4. The company conducts a share repurchase
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Auditing Your Payment Cards Processes Systems And Applications A Step By Step PCIDSS Compliant Audit Program A Practice Guide For Payment Card Brands Issuers Acquirers Processors And Switches
Authors: Nwabueze Ohia
1st Edition
1521799229, 978-1521799222
