Answer:
E. Reports how equity changes over a period of time.
Explanation:
Statement of owner's equity as the name suggests is the statement which describes the changes in owner's equity, as it is obvious that the change cannot occur at a point of time, it will occur over a period of time.
And therefore, the statement is prepared over a period generally for a fiscal year, or a financial year.
There is no statement prepared to show any change in owner's equity at a point.
Statement reporting cash flows is called cash flow statement.
Therefore, correct option is:
Statement E
Answer:
Let suppose the value of property is 100 dollars currently.
The price of a certain property increased by 10% in the first year, means the value of property at this point is (100 *1.1) 110 dollars.
In the second year the value of property decreases by 20% mean the value of property at this point is (110*0.80) 88 dollars, that is 80% of previous value determine.
In the third year the value of property increases by 25% mean the value of property at this point is (88*1.25) 110 dollars that is 25% more than previous value determine.
So in second year the value in dollars is 88 dollars.
3 (times) X = a number + 5
Since you don't know the product, it's impossible to come up with something that's not an equation. However, the problem is basically telling you that the problem, 3 times X, increased by (added) 5 to the product.
