A detailed equity section in the statement of financial position will list the names of individuals who are eligible to receive dividends on the date of record.

Question

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The detailed equity section in the statement of financial position will list the different types of equity such as common stock, preferred stock, and retained earnings, but it will not list the names of individuals who are eligible to receive dividends on the date of record. That information is typically recorded separately in the company's shareholder registry.

A Detailed Equity Section in the Statement of Financial Position