Question

The increase or decrease in owner’s equity is reported on the
A. income statement.
B. statement of owner’s equity.
C. balance sheet.
D. All of the above<<<<<

Answer 1

@herua123

Answer 2

D i think

Answer 3

ok thats what i thought

Answer 4

Actually, it's not all of the above.

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The increase or decrease in owner’s equity is reported on the;

A. income statement.
B. statement of owner’s equity. <<<--- Answer is B
C. balance sheet.
D. All of the above

Confirmed answer as "Statement of owner's equity".

Question originated from the "MyAccountingLab" through Pearson publishing

Textbook: College accounting, a practical approach, Canadian Twelfth edition - Jeffrey Slater and Brian Zwicker