Question

Alternative names for the statement of changes in stockholders' equity include all of the following except the_______

a. Statement of changes in capital stock
b. Statement of changes in owners' equity
c. Statement of cash flows
d. Statement of changes in retained earnings

Answer 1

The statement of cash flows is not an alternative name for the statement of changes in stockholders' equity; it is a distinct financial statement detailing cash and cash equivalents changes.

Step-by-step explanation:

Alternative names for the statement of changes in stockholders' equity include the statement of changes in capital stock, the statement of changes in owners' equity, and the statement of changes in retained earnings.

However, the statement of cash flows is not an alternative name for the statement of changes in stockholders' equity. The statement of cash flows is a separate financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing, and financing activities.