Consolidated Statement of Stockholders' Equity

D

Redeemable preferred stock is reported after liabilities but before the equity section of the balance sheet.

The Consolidated Statement of Stockholders' Equity is a financial statement that presents the changes in a company's stockholders' equity over a specific period of time. It provides information about the components that affect the equity of the company, such as retained earnings, preferred stock, common stock, and other comprehensive income.

Let's go through each answer choice to determine which one is not typically included in a Consolidated Statement of Stockholders' Equity:

A. Number of shares of cumulative, callable preferred shares: This answer choice is commonly included in the Consolidated Statement of Stockholders' Equity. Preferred shares are a type of ownership in a company that typically comes with specific rights and preferences. The number of shares of cumulative, callable preferred shares represents the quantity of such shares issued by the company. Therefore, this choice is not the correct answer.

B. Unrealized gains and losses on securities: This answer choice is also commonly included in the Consolidated Statement of Stockholders' Equity. Unrealized gains and losses on securities refer to the changes in the value of investments in securities that have not been sold. These gains and losses are recorded as a component of other comprehensive income, and they reflect fluctuations in the fair value of the securities. Therefore, this choice is not the correct answer.

C. The cumulative effect of exchange rate changes: This answer choice is commonly included in the Consolidated Statement of Stockholders' Equity. Companies that operate in multiple countries may have transactions denominated in different currencies. The cumulative effect of exchange rate changes represents the impact of fluctuations in exchange rates on the company's financial statements. It reflects the translation gains or losses resulting from converting the financial statements of foreign subsidiaries into the reporting currency of the consolidated financial statements. Therefore, this choice is not the correct answer.

D. The book value of redeemable preferred stock: This answer choice is commonly included in the Consolidated Statement of Stockholders' Equity. Redeemable preferred stock refers to a type of preferred stock that the issuer has the option to repurchase from the shareholders at a specified price and within a specified period. The book value of redeemable preferred stock represents the value of this type of stock on the company's balance sheet. Therefore, this choice is not the correct answer.

E. The change in reinvested earnings: This answer choice is the correct answer. The Consolidated Statement of Stockholders' Equity typically includes retained earnings, which represent the accumulated profits of the company that have not been distributed as dividends. However, the change in reinvested earnings, which refers to the net income or loss that is retained in the business and not paid out as dividends, is not typically presented as a separate line item in the Consolidated Statement of Stockholders' Equity. Instead, it is generally included in the retained earnings section. Therefore, this choice is the correct answer.

In conclusion, the answer is E. The change in reinvested earnings.