At the end of the period a company often prepares which additional accounting report?
A) Statement of changes in equity
B) Statement of retained profits
C) Statement of equity
D) Statement of liabilities

Question

Quizplus · Accepted Answer

The statement of changes in equity shows the changes in each component of equity, such as share capital, reserves, and retained earnings, during the period. It helps stakeholders understand how the company's equity position has changed over time. The other options (B, C, and D) are not typical end-of-period reports that a company prepares.

At the End of the Period a Company Often Prepares