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Under IFRS the following account is included in the shareholders' equity section of the balance sheet: O Contributed Comprehensive Income. Other Comprehensive Income. O Accumulated
Under IFRS the following account is included in the shareholders' equity section of the balance sheet: O Contributed Comprehensive Income. Other Comprehensive Income. O Accumulated Other Comprehensive Income. O Retained Comprehensive Income. Chan Inc. has a profit of $1000000 for 2021, and there are 400000 common shares issued. Dividends declared and paid during the year amounted to $200000 on the preferred shares and $300000 on the common shares. The earnings per share for 2021 is O $2. $1.75. $0.75. O $2.5. A prior period adjustment for understatement of profit O will be credited to the Retained Earnings account. O will be debited to the Retained Earnings account. will show as a gain on the current year's Income Statement. O will show as an asset on the current year's Balance Sheet
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