Questions LLC
Login
or
Sign Up
Ask a New Question
Accounting
Financial statements
Statement of Owner's Equity
The financial statement that shows the effect of net income and owner withdrawals on the onwer's interest in the business. is the _____________________________.
1 answer
statement of changes in owner's equity
You can
ask a new question
or
answer this question
.
Related Questions
Credit Decisions Quick Check
2 of 52 of 5 Items Question James has prepared his income statement: Income Salary 3,500 Tax
James has prepared his income statement. The bottom line of James income statement shows a negative number. What does this mean?
The financial statement that shows the effect of net income and owner withdrawals on the onwer's interest in the business. is
Show the effect of each transaction on the individual accounts of the expanded accounting equation: Assets=Liabilities +Owner's
Indicate the financial statement on which the following account
appears: Withdrawals a. Income statement b. Statement of changes
The net income or net loss is calculated on the __________.
balance sheet statement of owner's equity income statement None of
an owner investment of equipment into the business would:
a)have no effect on liabilities b)have no effect on owner's equity
The financial statement that shows business results in terms of revenue and expenses is __________.
an income statement a balance
A financial statement that gives operating results for a specific period is the ______________________________. Responses Income
1)utilities expense, 2)accounts payable, 3)commissions,4)capital, 5)withdrawals.where do they appear? income statement or
