The Preparation of a Statement of Stockholders' Equity Makes Which

question 130

Multiple Choice

The preparation of a statement of stockholders' equity makes which other financial statement unnecessary?

• A)Income statement
• B)Statement of cash flows
• C)Statement of retained earnings
• D)Balance sheet

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Definitions:

Sacropterygian Fishes

An ancient group of lobe-finned fishes, some of whose descendants evolved into terrestrial vertebrates.

Ancestral

Relating to or inherited from an ancestor or ancestors.

Amphibians

Amphibians are a class of cold-blooded vertebrates that include frogs, toads, salamanders, and newts, characterized by their ability to live both on land and in water.

Chordate Group

A large group of animals that, at some stage in their development, possess a notochord, dorsal nerve cord, pharyngeal slits, and a post-anal tail.