The statement of changes in equity is dependent on the results of
A)the statement of financial position.
B)the income statement.
C)a company's share capital.
D)the statement of cash flows.

Question

Quizplus · Accepted Answer

The statement of changes in equity shows the changes in a company's equity during a specific period, and it is derived from the income statement. It includes items such as dividends paid, share issuances or repurchases, and changes in retained earnings. The statement of financial position, statement of cash flows, and a company's share capital are not directly related to the statement of changes in equity.

The Statement of Changes in Equity Is Dependent on the Results