A Statement of Changes in Equity Reports On

question 4

Multiple Choice

A statement of changes in equity reports on:

• A) all owner changes in equity that took place during a financial reporting period.
• B) only contributions from owners.
• C) only distributions to owners.
• D) net profit and only contributions from owners.

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Definitions:

Medication

Substances used to diagnose, treat, cure, or prevent illnesses or diseases.

Kilograms

A unit of mass in the metric system, equal to one thousand grams and used worldwide as a standard for quantifying mass in many contexts.

Weigh

The action of determining the mass or weight of an object using scales or other measuring instruments.

Compound Journal Entry

A journal entry that affects more than two accounts.