Which of the following items is reported in the statement of stockholders' equity?
A)Total assets.
B)Total expenses.
C)Net income.

Question

Quizplus · Accepted Answer

The statement of stockholders' equity reports changes in the company's equity accounts, such as common stock, retained earnings, and any additional paid-in capital. Net income is a component of retained earnings, which is reported in this statement. Total assets and total expenses are reported in the balance sheet and income statement, respectively.

Which of the Following Items Is Reported in the Statement