What are the two broad categories of changes in equity?
A) Current and long-term
B) Investor and investee
C) Less than 50% and 50% and more ownership interests
D) Owner and Non-owner

Question

Quizplus · Accepted Answer

The two broad categories of changes in equity are owner and non-owner changes. Owner changes are those that directly affect the equity of the owner or shareholder, such as issuing stock or paying dividends. Non-owner changes are those that affect the equity of the company as a whole, such as changes in revaluation surplus or foreign currency translation adjustments. Therefore, option D is the correct answer.

What Are the Two Broad Categories of Changes in Equity