Which of the Following Statements Best Describes the Statement of Changes

question 39

Multiple Choice

Which of the following statements best describes the Statement of Changes in Equity?

• A)It provides information about the financial position of an entity at a specific point in time.
• B)It measures the economic performance of the entity over a period of time.
• C)It summarizes the changes to shareholders' equity during a period.
• D)It shows how an entity managed its cash during the reporting period.

---

Definitions:

Retrovirus

A type of virus that inserts a copy of its RNA genome into the DNA of a host cell, thereby altering the host’s genetic information.

Staphylococcal Prostatitis

An inflammation of the prostate gland caused by infection with staphylococcal bacteria, leading to urinary tract symptoms and discomfort.

Acute

Acute refers to conditions or diseases that have a sudden onset and severe symptoms but are usually of short duration.

Ornithosis

An infectious disease also known as psittacosis, contracted from birds, particularly parrots, pigeons, and poultry.