Ask Question
BusinessBusiness
17 June, 12:16

The statement of owner's equity shows a. only net income, beginning capital, and withdrawals b. only net income, beginning and ending capital c. only total assets, beginning and ending capital d. beginning and ending capital and all the changes in the owner's capital as a result of net income (loss), and withdrawals

+2
Answers (1)
  1. 17 June, 12:35
    0
    d. beginning and ending capital and all the changes in the owner's capital as a result of net income (loss), and withdrawals

    Explanation:

    The statement of owner's equity is a financial report that is prepared to indicate the changes in the owner's capital as a result of withdrawals, contributions, and net income or net loss. The structure of this report is beginning capital plus contributions plus net income less withdrawals which is equal to the ending capital. According to this, the answer is that the statement of owner's equity shows beginning and ending capital and all the changes in the owner's capital as a result of net income (loss), and withdrawals.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The statement of owner's equity shows a. only net income, beginning capital, and withdrawals b. only net income, beginning and ending ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Although the use of financial leverage (debt financing) can increase the return to the owners of a business, it also increases the riskiness of their equity investment. A. True B. False
Answers (1)
He Cook Corporation has two divisions--East and West. The divisions have the following revenues and expenses: East West Sales $ 585,000 $ 473,000 Variable costs 174,000 228,300 Traceable fixed costs 145,500 207,000 Allocated common corporate costs
Answers (1)
What type of international trade balance or scenario have both mercantilism and neo-mercantilists been preoccupied or obsessed with obtaining?
Answers (1)
What's the likely result if the US dollar is valued lower than other nations' currencies?
Answers (1)
In washington state, how often is a vessel owner required to renew their vessel's registration card?
Answers (1)
New Questions in Business
Direct comments taken from another author do not have to be paraphrased
Answers (1)
No Child Left Behind legislation is the current reauthorization of the Elementary and Secondary Education Act of 1965. True False
Answers (2)
Harry's Hotdogs is a small street vendor business owned by Harry Huggins. Harry is trying to get a better understanding of his costs by categorizing them as fixed or variable.
Answers (1)
A registered representative opens a new account for a customer by telephone and receives an order to sell 300 shares of ABC at the market.
Answers (1)
Brian brewster sold property to a buyer who paid him $400,000 cash and assumed an existing mortgage of $150,000
Answers (1)
Home » Business » The statement of owner's equity shows a. only net income, beginning capital, and withdrawals b. only net income, beginning and ending capital c. only total assets, beginning and ending capital d.
Sign Up Forgot Password?