AASB 101 requires that information in relation to dividends paid or declared during the year be disclosed in:
A) the Statement of Changes in Equity only;
B) the notes only;
C) either the Statement of Changes in Equity or the notes;
D) the Statement of Comprehensive Income.

Question

Quizplus · Accepted Answer

AASB 101 allows for the disclosure of information regarding dividends paid or declared during the year in either the Statement of Changes in Equity or the notes to the financial statements. Both options are acceptable under the standard. The Statement of Comprehensive Income is not required to disclose information regarding dividends.

AASB 101 Requires That Information in Relation to Dividends Paid