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Contributed Capital, Treasury Stock, Minority Interests, Other Comprehensive Income, and ....Retained Earnings perhaps?

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Q: Name five components of the statement of changes in equity?
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In a combined statement of financial position the liabilities and net assets section why are total liabilities and unrestricted net assets added together?

Because Assets = Liabilities + Equity. (Net Assets is equity ... with a fancy name and broken into components.) And just to clarify: 1. It's Total Liabilities + Total Net Assets - not just unrestricted net assets, unless you're using a prescribed form that deviates from GAAP. 2. This is regardless of the statement being combined / consolidated, etc. Assets = Liabilities + Net Assets (Equity).... keep it simple and you woun't get confused!


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