1 year ago

A statement of changes in partners equity should include all of the following except.

SAT

1 answer:

solniwko [45]1 year ago

7 0

Equity implies the amount of shares owned by a partner in business

A statement of changes in partner's equity should not include cash

<h3>How to determine the exempted content</h3>

In finance, a statement of equity must include all of the following

Contributed capital by each partner
Retained earnings by each partner
Accumulated comprehensive incomes

However, the statement of changes in partner's equity should not include cash

Hence, the statement that answers the question is cash

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