Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

statement of change in equity

Read a random definition: procuratores ecclesiae parochialis

A quick definition of statement of change in equity:

A statement of change in equity is a financial statement that shows how a business owner's investment in the company has changed over a certain period of time. It includes information about the company's profits or losses, any money paid out to shareholders as dividends, any money taken out of the company by the owner, and any changes in accounting policies. It also shows how much money the company has saved up over time.

A more thorough explanation:

A statement of change in equity, also known as a statement of retained earnings, is a financial statement that shows how a company's owners' equity has changed over a specific period of time. It includes the following elements:

  • Net profit or loss
  • Dividend payments
  • Equity withdrawals
  • Effect of accounting policy changes
  • Effects of prior accounting period corrections
  • Accumulated reserves and retained earnings

For example, let's say a company had a net profit of $100,000 for the year. They paid out $20,000 in dividends to shareholders and withdrew $10,000 from their equity. They also made a change to their accounting policy that resulted in a $5,000 adjustment. The statement of change in equity would show these changes and the resulting increase or decrease in the company's retained earnings.

The statement of change in equity is important because it helps investors and stakeholders understand how a company's equity has changed over time and what factors have contributed to those changes.

Statehood (international law) | status

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
LSD+ is ad-free, with DMs, discounts, case briefs & more.