The financial statement that reports the changes in all categories of equity during the period is called the:

Question

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The statement of shareholders' equity reports the changes in all categories of equity during the period, including common stock, additional paid-in capital, retained earnings, and any other components of equity. The statement of income reports revenues and expenses, while the statement of retained earnings only reports changes in retained earnings. The statement of changes in financial position reports changes in a company's balance sheet accounts, such as cash, accounts receivable, and inventory.

The Financial Statement That Reports the Changes in All Categories