The Statement of Changes in Equity

question 189

Multiple Choice

The statement of changes in equity:

• A) Is part of the statement of comprehensive income.
• B) Shows only the ending balances in shareholders' equity.
• C) Describes changes in paid-in capital and retained earnings subcategories.
• D) Does not include changes in treasury shares.
• E) Is not reported under IFRS.

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Definitions:

Small Business Administration (SBA)

A U.S. government agency that provides support to entrepreneurs and small businesses, including loans and grants.

Loan Guarantees

Agreements in which a guarantor, usually a government or financial institution, agrees to pay back a loan if the borrower defaults.

Business Incubators

Organizations designed to accelerate the growth and success of startup and early-stage companies by providing resources such as space, capital, coaching, and networking connections.

Loans

A sum of money that is borrowed and is expected to be paid back with interest.