The current owner's capital amount reported on a statement of owner's equity is calculated as capital account balance less drawing account balance less net income.

Question

Quizplus · Accepted Answer

The current owner's capital amount reported on a statement of owner's equity is calculated as the beginning capital account balance plus net income (or minus net loss) plus any additional investments made by the owner minus any withdrawals (drawings) made by the owner.

The Current Owner's Capital Amount Reported on a Statement of Owner's