At the end of a fiscal period when a balance sheet is prepared, from which document may
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At the end of a fiscal period when a balance sheet is prepared, from which document may we find the ending owner’s capital balance?
a. Worksheet
b. Trial Balance
c. Income Statement
d. Statement of Changes in Owner's Equity
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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