Difference between revisions of "Statement of owner's equity"

From CNM Wiki
Jump to: navigation, search
(Related coursework)
 
(3 intermediate revisions by the same user not shown)
Line 1: Line 1:
[[Statement of owner's equity]] is the [[financial report]] that reveals the change in capital. The ending figure for [[Owner's Capital]] is then placed on the [[balance sheet]].
+
[[Statement of owner's equity]] (hereinafter, the ''Report'') is the [[financial report]] that reveals the change in capital. The ending figure for [[Owner's Capital]] is then placed on the [[balance sheet]]. In [[corporation]]s, the ''Report'' is called the [[statement of shareholder's equity]] or [[statement of shareholders' equity]].
  
  

Latest revision as of 03:25, 5 November 2019

Statement of owner's equity (hereinafter, the Report) is the financial report that reveals the change in capital. The ending figure for Owner's Capital is then placed on the balance sheet. In corporations, the Report is called the statement of shareholder's equity or statement of shareholders' equity.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Statement of owner's equity. A financial statement that reveals the change in capital. The ending figure for capital is then placed on the balance sheet.

Related concepts

Related lectures