The statement of changes in equity:
A. indicates the ability of the entity to generate cash flow.
B. shows the selling price of the entity’s assets.
C. shows how profit was determined.
D. serves as a connecting link between the income statement and the balance sheet.
Answer:D
The statement of changes in equity:
A. indicates the ability of the entity to generate cash flow. B. shows the selling price of the entity’s assets. C. shows how profit was determined. D. serves as a connecting link between the income statement and the balance sheet.