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The Statement of Changes in Equity: Is one of the required financial statements under U.S. GAAP Includes accounts such as the retained earnings and common
The Statement of Changes in Equity:
Is one of the required financial statements under U.S. GAAP
Includes accounts such as the retained earnings and common share accounts but not other comprehensive income items.
Reconciles all of the beginning and ending balances in the equity accounts.
Is used only if a corporation frequently issues common shares
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