Statement of Stockholders' Equity

D

Any cumulative impact on prior period earnings is reported net of tax after extraordinary items and discontinued operations on the income statement.

The Statement of Stockholders' Equity is a financial statement that provides information about the changes in equity of a company during a specific period. It shows the beginning balance of equity, the various transactions that affect equity during the period, and the ending balance of equity.

Let's analyze each option to determine which one is not reported on the Statement of Stockholders' Equity:

A. Minimum pension liability: The Statement of Stockholders' Equity does not report any minimum pension liability. Pension liability typically relates to employee pension plans and is reported on the balance sheet as a liability, not on the Statement of Stockholders' Equity.

B. Investment of the owners in the firm: The investment of the owners, also known as the initial capital or contributed capital, is usually reported on the Statement of Stockholders' Equity. It represents the amount of money or assets contributed by the owners/shareholders when the company was initially formed or when additional capital was raised.

C. Accounting adjustments reflecting selected market value changes in noncurrent assets: The Statement of Stockholders' Equity generally does not report accounting adjustments that reflect selected market value changes in noncurrent assets. Such adjustments are more likely to be reflected in the income statement or other financial statements, depending on the specific circumstances.

D. Cumulative impact on prior period earnings: The Statement of Stockholders' Equity does not report the cumulative impact on prior period earnings. This type of information is typically disclosed in the notes to the financial statements or in the income statement, but not directly on the Statement of Stockholders' Equity.

E. Effect of exchange rate changes on certain foreign subsidiaries: The Statement of Stockholders' Equity does report the effect of exchange rate changes on certain foreign subsidiaries. This information is usually included as a separate component of comprehensive income or as a separate line item within the Statement of Stockholders' Equity.

Based on the above analysis, the option that is not reported on the Statement of Stockholders' Equity is:

C. The various accounting adjustments that reflect selected market value changes in noncurrent assets.