DMs final dividend for the year ended September 30, 2011 was declared after the end of the reporting period but before the financial statements were approved for issue and was paid shortly after. The following statements refer to the treatment of dividend in the accounts of DM;

(1) The dividend shown as a deduction in the statement of comprehensive income for the year ended September 30, 2012

(2) The $150,000 dividend was shown in the notes to the financial statement at September 30, 2011

(3) The dividend is shown as a deduction in the statement of changes in equity year ended Sep 30, 2012

Which of the above treatments are correct according to IAS 1?

Select one:

a.

1 and 3 only

b.

3 only

c.

2 and 3 only

d.

1 and 2 only

Which of the following should appear as separate items in a company's statement of changes in equity? (1) Profit for the financial year (2) Income from investments (3) Dividends paid on redeemable preference shares (4) Dividends paid on equity shares Select one: a. 1 and 4 only b. 2 and 3 only C. 1, 3 and 4 only d. 1, 2 and 3 only 6:19 PM