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Intermediate Accounting: Reporting...

3rd Edition
James M. Wahlen + 2 others
ISBN: 9781337788281

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BuyFindarrow_forward

Intermediate Accounting: Reporting...

3rd Edition
James M. Wahlen + 2 others
ISBN: 9781337788281
Textbook Problem
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What is the purpose of the statement of shareholders’ equity? What information does it provide? Identify at least one type of stakeholder that would be interested in the information on a company's statement of shareholders’ equity.

To determine

Explain the purpose of a statement of stockholders’ equity, and the information it provides. Identify at least one type of stakeholder that would be interested in the information on a company’s statement of stockholders’ equity.

Explanation

Statement of stockholders’ equity: The statement which reports the changes in stock, paid-in capital, retained earnings, and treasury stock, during the year is referred to as statement of stockholders’ equity.

The purpose of statement of stockholders’ equity is to report the changes in the stockholders’ equity balance for a particular period...

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