Recent rulings by the SEC now require all corporations to prepare an expanded version of the Statement of Retained Earnings showing all equity accounts and their changes for the last three years.

Question

Quizplus · Accepted Answer

There have been recent rulings by the SEC that require all corporations to prepare an expanded version of the Statement of Shareholders' Equity, but not the Statement of Retained Earnings. The expanded version of the Statement of Shareholders' Equity should show all equity accounts and their changes for the last three years.

Recent Rulings by the SEC Now Require All Corporations to Prepare