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Basic Question 7 of 10
The statement of stockholders' equity ______
B. reports the total number of shares of contributed capital.
C. may be used in place of the statement of retained earnings.
A. reports cash flows affecting stockholders' equity accounts.
B. reports the total number of shares of contributed capital.
C. may be used in place of the statement of retained earnings.
User Contributed Comments 2
| User | Comment |
|---|---|
| ayep | A is incorrect as it does not only report cashflows B is incorrect because it records monetary values and not shares |
| verter2k | In A there is no word "only" though. B is wrong as well. |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe how the cash flow statement is linked to the income statement and the balance sheet
CFA® 2024 Level I Curriculum, Volume 2, Module 4.