The statement of owner's equity discloses the owner's withdrawals made during the period.

Name: The statement of owner's equity discloses the owner's withdrawals made during the period.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The statement of owner's equity shows the beginning balance of owner's equity, any additional investments made by the owner, net income or loss for the period, and any withdrawals made by the owner. Therefore, it does disclose the owner's withdrawals made during the period.

The Statement of Owner's Equity Discloses the Owner's Withdrawals Made