If there are no changes in a company's capital stock during a period, the company...

70.2K

Verified Solution

Question

Accounting

If there are no changes in a company's capital stock during a period, the company may choose to prepare

a. an income statement instead of a statement of stockholders' equity.

b. an income statement instead of a statement of retained earnings.

c. a statement of cash flows instead of a statement of retained earnings.

d. a statement of stockholders' equity instead of a statement of retained earnings.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students