It's clear that $k$-th powers of EV of $A$ are all EV of $A^k$, but the reverse inclusion isn't obvious to me.
For reference, this question has been posted before (Eigenvalues and power of a matrix), but I couldn't find an actually valid proof for the general case in that thread. For $\Bbb C$ there's a theorem that states for $f$ analytic that $f(\text{Spec}(A))=\text{Spec}(f(A))$, but this doesn't work for an arbitrary field $\Bbb K$.