if false state the reason briefly

4.2- TRUE OR FALSE Write true if the statement is correct If you believe otherwise, write false and state you reason briefly 1 The net income or loss for the period is only found in the income statement but not in the 2 The statement of changes in equity presents all the items that made changes in the equity 3 Equity represents the interest of the owners in the entity after paying all the tiabilities 5 The share capitai represents funds contributed by the shareholders and is considered as the statement of changes in equity between two statements of financial position dates 4 The line items appeanng on the shareholders equity of a business are share capital net income or loss reserves and retained earnings egal capital of a business entity 6 The share subscriptions of the shareholders are part of the share capital line item