The statement of changes in equity would not show
A)the beginning retained earnings balance.
B)revenues and expenses.
C)dividends.
D)the ending retained earnings balance.

Question

Quizplus · Accepted Answer

The statement of changes in equity shows changes in equity accounts such as common stock, additional paid-in capital, retained earnings, and dividends. It would not show revenues and expenses, which are reported on the income statement. However, it would show the beginning and ending retained earnings balances, as well as any dividends paid out during the period.

The Statement of Changes in Equity Would Not Show