Which of the following items is not used in preparing the statement of owner's equity?
A)Withdrawals.
B)Net income.
C)Additional investments.
D)Adjusting entries.

Question

Quizplus · Accepted Answer

Adjusting entries are used to prepare the income statement and balance sheet, but not the statement of owner's equity. The statement of owner's equity typically includes information about net income, withdrawals, and additional investments.

Which of the Following Items Is Not Used in Preparing