The issuing of bonus shares in lieu of a cash dividend would be separately disclosed in an entity's
A) Statement of Financial Position;
B) Statement of Comprehensive Income;
C) Statement of Changes in Equity;
D) Statement of Cash Flows.

Question

Quizplus · Accepted Answer

The statement of changes in equity provides information about the changes in the equity of the entity during a reporting period, including issuances of securities such as bonus shares. The other financial statements do not specifically provide information about changes in equity.

The Issuing of Bonus Shares in Lieu of a Cash