Which of the following financial statements shows the amounts distributed to the owner?
A)Income statement
B)Statement of owner's equity
C)Budgeted balance sheet
D)Balance sheet

Question

Quizplus · Accepted Answer

The statement of owner's equity shows the changes in the owner's investment and the distributions made to the owner over a period of time. It calculates the ending balance of the owner's equity section of the balance sheet.

Which of the Following Financial Statements Shows the Amounts Distributed