In relation to 'retained earnings', AASB 101 mandates the following disclosures:
I. Any changes during the reporting period.
II. The related tax adjustments in respect to any changes during the period.
III. The beginning balance.
IV. The balance at reporting date.
A) I, II, III and IV;
B) II, III and IV only;
C) I, III and IV only;
D) III and IV only.

Question

Quizplus · Accepted Answer

AASB 101 requires disclosure of changes in retained earnings during the period, the beginning balance, and the balance at the reporting date, but not specifically the related tax adjustments.

In Relation to 'Retained Earnings', AASB 101 Mandates the Following