The statement of owner's equity is prepared from the data in the Balance Sheet section of the worksheet.

Name: The statement of owner's equity is prepared from the data in the Balance Sheet section of the worksheet.
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The owner's equity section of the worksheet is prepared using the data from the balance sheet section of the worksheet. It includes the beginning balance of owner's equity, any changes or adjustments to owner's equity during the accounting period, and the ending balance of owner's equity.

The Statement of Owner's Equity Is Prepared from the Data