Question

In: Accounting

Ending amounts on the statement of changes in equity are the same as those on the...

Ending amounts on the statement of changes in equity are the same as those on the

  • Statement of cash flows

  • Trial balance

  • Balance sheet

  • Statement of changes in equity

Solutions

Expert Solution

When we prepared statement of changes in equity then statement of changes in equity includes Beginning balance of equity, Net income and dividend then we find out ending balance of owner's equity

And this balance would be recorded in balance sheet as Owner's equity

So answer is c) balance Sheet


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