The ending capital balance appears on which of the following statement(s)?
A)Income Statement
B)Statement of owner's equity and balance sheet
C)Only on the Statement of owner's equity
D)Statement of owner's equity and income statement

Question

Quizplus · Accepted Answer

The ending capital balance is shown on the Statement of Owner's Equity, which feeds into the Balance Sheet. Therefore, the correct choices are B) Statement of owner's equity and balance sheet. The Income Statement shows revenues and expenses, but not ending capital balance.

The Ending Capital Balance Appears on Which of the Following