This lesson and the balance sheet example below will show the format and components of this key report. The Balance Sheet vs Income Statement (& Statement of Changes in Equity) The balance sheet, together with the income statement and the statement of changes in equity, forms part of the financial statements of a business. b. 8,365,000 euros in the Assets section of the Balance Sheet. c. 8,690,000 euros in the stockholders' equity section of the Balance Sheet. d. 325,000 euros on the Income Statement. 4. Similarities between iGAAP and U.S. GAAP requirements for balance sheet presentation include all of the following except: a. The stockholders' equity section on the balance sheet of Dillard's, a popular department store, is shown below. During the year, the company reported net income of $463,909,000 and declared and paid dividends of $10,002,000. The balance sheet informs company owners about the net worth of the company at a specific point in time. This is done by subtracting the total liabilities from the total assets to calculate the owner's equity, also known as shareholder's equity (for corporations) or simply the net worth. Jun 01, 2016 · Net income and stockholders equity section. Tall Corporation purchased 75 percent of Light Corporation’s voting common stock on January 1, 20X2, at an amount equal to the book value of the identifiable net assets.