Which of the following items is used in preparing the statement of owner's equity?
A)Withdrawals.
B)Net income.
C)Additional investments.
D)All of these choices.

Question

Quizplus · Accepted Answer

The statement of owner's equity provides information on how the owner's equity has changed over a specific period of time, and it takes into account the net income, withdrawals, and additional investments made during that period. Therefore, all of the choices listed (A, B, and C) are used in preparing the statement of owner's equity.

Which of the Following Items Is Used in Preparing the Statement