The statement of changes in equity would not include which of the following?
A) Proﬁt.
B) Net sales.
C) The closing balance in the relevant accounts from the previous year.
D) Dividends declared.

Question

Quizplus · Accepted Answer

The statement of changes in equity includes information about the changes in the equity section of a company's balance sheet over a period of time, such as profit or loss, dividends declared, and the opening and closing balances of equity. Net sales, however, are related to the income statement and do not directly affect the changes in equity.

The Statement of Changes in Equity Would Not Include Which