The statement of stockholders' equity should be prepared
A)before the income statement and after the balance sheet
B)before the income statement and balance sheet
C)after the income statement and balance sheet
D)after the income statement and before the balance sheet

Question

Quizplus · Accepted Answer

The statement of stockholders' equity is prepared after the income statement to incorporate the net income or loss and before the balance sheet to reflect the updated equity figures.

The Statement of Stockholders' Equity Should Be Prepared