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Which statement reports the changes in shareholders' equity during the period that were not a result of transactions by owners.

a)The statement of cash flows
b)The income statement
c)The statement of comprehensive income
d)The balance sheet

User Frank Koch
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1 Answer

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Final answer:

The statement that reports the changes in shareholders' equity during the period that were not a result of transactions by owners is the statement of comprehensive income.

Step-by-step explanation:

The statement that reports the changes in shareholders' equity during the period that were not a result of transactions by owners is the statement of comprehensive income.

The statement of comprehensive income includes all changes in equity that are not a result of transactions by owners, such as unrealized gains or losses on investments, foreign currency translation adjustments, and changes in the fair value of certain financial instruments.

User Yitzhak Weinberg
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