In relation to 'retained earnings', IAS 1 Presentation of Financial Statements 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

In relation to 'retained earnings', IAS 1 Presentation of Financial Statements 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.

Quizplus · Accepted Answer

IAS 1 requires disclosure of changes in retained earnings during the period, the beginning balance, and the balance at the reporting date. Tax adjustments are not specifically mandated.

In Relation to 'Retained Earnings', IAS 1 Presentation of Financial