Asked by

Ashish Routray
on Nov 15, 2024

verifed

Verified

Dividends declared are reported on

A) the statement of income.
B) the statement of changes in equity.
C) the statement of financial position.
D) both the statement of income and statement of financial position.

Dividends Declared

Earnings designated by the board of directors of a corporation to be shared among its stockholders.

Statement Of Changes In Equity

A financial statement that details the movements in equity accounts during a specific period, including share capital, reserves, and retained earnings.

  • Discern the key elements and significance of the statement of changes in equity.
verifed

Verified Answer

JT
Jurnee TaylorNov 19, 2024
Final Answer:
Get Full Answer