Only one figure is used in the owner's equity section of the balance sheet if a...

Only one figure is used in the owner's equity section of the balance sheet if a statement of owner's equity has been prepared. True False

Expert Solution

If statement of owner's equity has been prepared then net income or withdrawal of owner's is used in statement of owner's equity and ending balance of statement of owner's equity is used in owner's equity section of the balance sheet.

so above statement is true.

ekkarill92 answered 2 years ago

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