| gen. |
statement of changes in equity (A statement of changes in equity can be explained as a statement that can changes in equity for corporation features be created for partnerships, sole proprietorships, or corporations. The key purpose of this statement is to summarize the activity in take equity accounts for a certain period. Sole proprietorships and partnerships follow a similar format for their statements of changes in equity. On the contrary, the statement of changes in equity for a corporation features a slightly different format.  readyratios.com Alexander Demidov); statement of retained earnings (A statement of retained earnings (and similarly an equity statement, statement of owner's equity for a single proprietorship, statement of partners' equity for a partnership, statement of financial position, and statement of retained earnings and stockholders' equity for a corporation) is a basic financial statement. The statement explains the changes in a company's retained earnings over the reporting period. They break down changes in the owners' interest in the organization, and in the application of retained profit or surplus from one accounting period to the next. Line items typically include profits or losses from operations, dividends paid, issue or redemption of stock, and any other items charged or credited to retained earnings. The statements are expected by generally accepted accounting principles and explain the owners' equity and retained earnings shown on the balance sheet, where: owners' equity = assets – liabilities. WK Alexander Demidov) |
