"Disclosure of changes in the separate accounts comprising stockholders' equity and the changes in the number of shares of equity securities during at least the most recent annual fiscal period is required to make the financial statements sufficiently informative." is a requirement of FASB's Statement of Financial Accounting Concepts No. 6 to inform external users of financial statements.

Question

Quizplus · Accepted Answer

The requirement mentioned is not from FASB's Statement of Financial Accounting Concepts No. 6, but rather from other accounting standards or regulations that deal with financial statement disclosures. Concepts Statement No. 6 defines elements of financial statements.

"Disclosure of Changes in the Separate Accounts Comprising Stockholders' Equity