The ending capital balance appears on which of the following statement(s)?
A) Statement of owner's equity
B) Income Statement
C) Statement of owner's equity and balance sheet
D) Statement of owner's equity and income statement

Question

Quizplus · Accepted Answer

The ending capital balance is included in both the Statement of owner's equity and the balance sheet. The income statement only shows revenues, expenses, and net income/loss, but does not include the ending capital balance.

The Ending Capital Balance Appears on Which of the Following