Question

Match the items in the right column with those in the left column.
_____ 1. Statement of changes in owner’s equity
_____ 2. Income statement
_____ 3. Net income
_____ 4. Additional investment by the owner
_____ 5. Ending balance in owner’s capital
_____ 6. Balance sheet
a. A financial statement that presents the revenues and expenses of a business
b. A financial statement that presents a reconciliation of the owner’s beginning and ending capital
c. An increase in owner’s capital
d. A financial statement that presents a business’s assets, liabilities, and owner’s capital
e. Can be found on a balance sheet and a statement of changes in owner’s equity f. An excess of revenues over expenses



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  • CreatedDecember 30, 2014
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