________________________ Refers to All Changes in Equity for a Period

question 142

Short Answer

________________________ refers to all changes in equity for a period except for those due to investments and distributions to owners.

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Definitions:

Preferred Stock

Ownership in a company granting superior rights to assets and profits compared to common stock, usually accompanied by steady dividend payments.

Net Income

The amount of profit left after all expenses, taxes, and costs have been subtracted from total revenue.

Cash Dividends

Payments made by a corporation to its shareholders from its profits or reserves.

Primary Beneficiary

The primary beneficiary is the entity that has the controlling financial interest in a variable interest entity, and thus is the party that consolidates the entity's financial statements with its own.