The financial statement that shows the changes in equity that resulted from net income (or net loss); and dividends to stockholders is the:
A)Statement of financial position.
B)Statement of cash flows.
C)Balance sheet.
D)Income statement.
E)Statement of retained earnings.

Question

Quizplus · Accepted Answer

The statement that shows the changes in equity that resulted from net income (or net loss); and dividends to stockholders is the statement of retained earnings. Therefore, the best choice is E, the statement of retained earnings.

The Financial Statement That Shows the Changes in Equity That