A company is not required to prepare both a(n)
A) Income statement and statement of stockholders' equity.
B) Income statement and statement of retained earnings.
C) Statement of stockholders' equity and statement of retained earnings.
D) Statement of cash flows and statement of retained earnings.

Question

Quizplus · Accepted Answer

The statement of stockholders' equity and the statement of retained earnings both provide information about changes in equity, but they are not both required because the statement of stockholders' equity typically includes the details provided in a statement of retained earnings.

A Company Is Not Required to Prepare Both A(n)