The Statement of Financial Position and Statement of Changes in Equity

question 38

Multiple Choice

The statement of financial position and statement of changes in equity are related because

• A) both contain information for the corporation.
• B) the ending amount on the statement of changes in equity is transferred to the statement of cash flows.
• C) the ending amount on the statement of changes in equity is reported on the statement of financial position.
• D) the total assets on the statement of financial position is reported on the statement of changes in equity.

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