The statement of owner's equity summarizes all changes in the owner's equity during the period.

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The statement of owner's equity is a financial statement that shows all changes in the owner's equity account during a specific period, including net income or loss, additional capital contributions, and any withdrawals made by the owner. It summarizes the beginning balance of owner's equity, any changes during the period, and the ending balance of owner's equity.

The Statement of Owner's Equity Summarizes All Changes in the Owner's