Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Complete the table about SHAREHOLDERS' EQUITY - RETAINED EARNINGS. Account Shareholders' Equity - Retained Earnings Standard(s) What specific standard/s (PAS/PFRs) govern/s shareholders' equity - retained

Complete the table about SHAREHOLDERS' EQUITY - RETAINED EARNINGS.

Account

Shareholders' Equity - Retained Earnings

Standard(s)

What specific standard/s (PAS/PFRs) govern/s shareholders' equity - retained earnings?

PAS / PFRS __

Include

In recognizing shareholders' equity - retained earnings, what are the items included?

Exclude

In recognizing shareholders' equity - retained earnings, what are the items excluded?

Initial Recognition

How are shareholders' equity - retained earningsinitially recognized?

Subsequent Measurement

How are shareholders' equity - retained earnings subsequently measured?

Impairment

Discuss the impairment of shareholders' equity - retained earnings.

Derecognition

How are shareholders' equity - retained earnings derecognized?

Special Considerations

What are the special considerations?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

23rd Edition

978-0324662962

More Books

Students also viewed these Accounting questions