December 2010
Intermediate to advanced
848 pages
31h 28m
English
Generally accepted accounting principles require that the changes during the period in the dollar balances of the separate accounts comprising the shareholders' equity section be disclosed in the financial report. A company can disclose such changes either in the footnotes or in a separate financial statement called the statement of shareholders' equity. The consolidated statement of shareholders' equity for Emerson Electric Company appears in Figure 12-11.
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