Which of the Following Accounts Is not Reported on the Statement

question 39

Multiple Choice

Which of the following accounts is not reported on the Statement of Changes in Shareholders' Equity?

• A)Accumulated Other Comprehensive Income
• B)Retained Earnings
• C)Goodwill
• D)Share Capital

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Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels, providing a more useful tool for performance evaluation compared to a static budget.

Cost Behavior

The study of how specific costs change in relation to changes in the levels of activity within a company, typically categorized into fixed, variable, and mixed costs.

Sales Variance

The difference between actual sales and budgeted or forecasted sales.