Statement Of Changes In Equity

Question 1

All changes, wether increase or decrease to the owner’s interest

Answer 1

Statement of changes in equity

Question 2

Prior to preparation of Statement of Financial Position to be able to obtain ending balance of the equity

Answer 2

Statement of changes in equity

Question 3

The very first investment of the owner to the company

Answer 3

Initial investment

Question 4

Increases to owner’s equity by adding investments by the owner

Answer 4

Additional investment

Question 5

Decrease to owner’s equity by withdrawing assets by the owner

Answer 5

Withdrawal