Due to the relationship of financial statements,the statement of stockholders' equity links the income statement to the balance sheet.

Question

Quizplus · Accepted Answer

The statement of stockholders' equity explains the changes in equity during a particular period, including the impact of net income from the income statement and changes in equity accounts from the balance sheet. Therefore, it links the income statement to the balance sheet.

Due to the Relationship of Financial Statements,the Statement of Stockholders