Final answer:
A statement of changes in partners' equity should include all key figures relevant to the partners' contributions and distributions, except for the partners' payment of loans, which is not typically a change to equity.
Step-by-step explanation:
A statement of changes in partners' equity should include all of the following except for partners' payment of loans. The correct components that should be included in a statement of changes in partners' equity are: a. Beginning capital balances, b. Investments made during the period, d. Withdrawals made during the period, e. Ending capital balances, and f. Profit share for the period.
The self-check questions address concepts related to early-stage corporate finance, comparing of bonds and bank loans, and calculating home equity. Private investors, IPO, and venture capitalists are critical to these discussions. The equity of a person in their home can be calculated by taking the home value subtracted by any outstanding mortgage or loans against the property. In the example provided, Fred's equity would be the down payment he made since that is the portion of the home he fully owns.