Which of the following statements about the Statement of Stockholders' Equity is correct? The Statement of Stockholdere quity is required if the company is in danger of incurring a netton for the year on their Income Statement The Statement of Stockholders' Equity only includes the Common Stock account balance, Net Income, and Earnings per Share The Statement of stockholders' Equity reconcilies the beginning of the period balances for all the permanent stockholders equity accounts to their end of the period balance None of the other three answer choices is correct (e. the other three answer choice are all incorrect), Question 1 During 2020, Four Company changed from FIFO to weighted Average for inventory valuation. What type of accounting change is this considered to be? Change in Accounting Estimate Change in Accounting Principle. Prior Period Adjustment None of the other answer choices is correct. Question 2 to 2020. Charlie Bakery Co. Sold its 6-year delivery truck at a $10,000 low. The Company's tax rate for 2020 s 30%. How does intraperlod Tax Allocation impact the presentation of the loss an Company's 2020 Statement? Intraperiod Tax Allocation would result in the $10,000 out on sale of the delivery truck being shown on the Income Statement as a $7,000 Low (Net of Tax) Intraperiod Tax Alocation would result in the 120,000 Loss on sale of the delivery truck being shown on the Income Statement as a $13,000 L (Net of Tax) Intraperiod Tax Allocation does not impact the reporting of the $10,000 Loss on the sale of the delivery truck on the income Statement Intraperiod Tax Allocation would result in the $10,000 Low on sale of the delivery truck being shown on the income Statement as a $7,000 Gan