The statement of changes in equity discloses the amount of cash dividends as well as stock dividends declared during the current year.

Question

Quizplus · Accepted Answer

The statement of changes in equity shows the changes in the equity of a company during a period, including the effects of transactions such as dividends declared. It discloses the amount of both cash and stock dividends declared during the current year, along with other changes in equity such as profit or loss, share issuance or repurchase, and changes in reserves. Therefore, the given statement is true.

The Statement of Changes in Equity Discloses the Amount of Cash