A Statement of Changes in Equity Shows

question 293

Multiple Choice

A statement of changes in equity shows

• A) the names of each shareholder.
• B) how profits are distributed to the various classes of shareholders.
• C) the number of shares owned by each of the shareholders.
• D) the changes in each equity account and in total equity during the period.

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Definitions:

Online Blog

A website or web page that is regularly updated with written content, often focusing on a specific topic, personal experiences, or information sharing.

Fraud

A deliberate deception practiced to secure unfair or unlawful gain.

Misrepresentation

A false statement of fact made by one party to another, which has the effect of inducing that party into a contract.

Reliance

The act of depending or trusting in something or someone; in legal contexts, often refers to actions taken based on assurances or promises from others.