Which of the following line items are not found on a sole proprietorship's statement of owner's equity?
A)Withdrawals
B)Retained Earnings
C)Capital
D)Net income

Question

Quizplus · Accepted Answer

A sole proprietorship's statement of owner's equity would report the beginning balance of the owner's Capital account,the amount of net income (or loss),withdrawals,and the ending balance of the owner's Capital account.

Which of the Following Line Items Are Not Found on a Sole