Quiz The statement of owners equity Multiple Choice Reports

Quiz The statement of owner\'s equity Multiple Choice Reports how equity changes over a period of time Reports on amounts for assets, Sablities, and equity at a point in time Reports on cash flows for operating, financing. and investing activities at a point in time Reports how equny changes ata point in tme. o cash fows for operating, financing and investing activities over a peniod of tme OEE Next 2 4

Solution

Answer is 4

Reports how equity changes at a point in time

statement of retained earning shows how the begnning balance of equity changes after adjustment to net income of the period and distribution of dividends to shareholders.