Asked by
jailene gonzalez
on Oct 27, 2024Verified
The statement of stockholders' equity is one of the four financial statements required by GAAP.
Statement of Stockholders' Equity
A financial document that outlines the changes in the equity section of the balance sheet over a reporting period.
GAAP
Stands for Generally Accepted Accounting Principles, which are a common set of accounting principles, standards, and procedures that companies must follow when compiling their financial statements.
- Assess the influence of stock transactions on stockholders' equity.
Verified Answer
RK
Learning Objectives
- Assess the influence of stock transactions on stockholders' equity.