Match the items in the right column with those in the left column. _____ 1. Statement of

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. 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 and a statement of changes in owner’s equity f. An excess of revenues over expenses

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...