Which of the following items will not be disclosed on a statement of stockholders' equity?
A)Net income
B)Issuance of common stock for cash
C)Extraordinary gains and losses
D)Issuance of common stock in exchange for noncash assets

Question

Quizplus · Accepted Answer

Extraordinary gains and losses are reported on the income statement, not on the statement of stockholders' equity. The statement of stockholders' equity typically includes items such as net income, issuance of stock, and dividends, but not specific gains or losses.

Which of the Following Items Will Not Be Disclosed on a Statement