Regarding the Statement of Stockholders' Equity,which of the Following Statements

question 124

Multiple Choice

Regarding the statement of stockholders' equity,which of the following statements is incorrect?

• A) The statement of stockholders' equity has more information than the statement of retained earnings because it reports the changes in all stockholders' equity accounts.
• B) The statement of stockholders' equity does not show the changes to the Retained Earnings account because that information is provided in the statement of retained earnings.
• C) The statement of stockholders' equity is an option for reporting the changes in stockholders' equity of a corporation.
• D) The statement of stockholders' equity reports the number of shares and any changes during the year in preferred, common, and treasury stock.

---

Definitions:

Bank of Russia

The central bank of the Russian Federation, responsible for issuing the national currency and overseeing the country's banking system.

Benchmark Interest Rate

The standard interest rate set by national banks against which other lenders measure their rates.

Elasticities

A measure of how much the quantity demanded or supplied of a good responds to a change in one of its determinants, such as price or income.

Total Sales

The aggregate revenue received from selling goods or services over a given period of time.