Significant changes in stockholders' equity are reported in
A) income statement
B) retained earnings statement
C) statement of stockholders' equity
D) statement of cash flows

Question

Quizplus · Accepted Answer

The statement of stockholders' equity reports any significant changes in the stockholders' equity section of the balance sheet, such as dividends paid, net income, and changes in the value of any unrealized gains or losses. The income statement reports revenues, expenses, gains, and losses during a period, while the retained earnings statement shows the beginning and ending balances of retained earnings and any adjustments made during the period. The statement of cash flows reports the cash inflows and outflows during a period, including cash flows from operating, investing, and financing activities.

Significant Changes in Stockholders' Equity Are Reported in