The statement of owner’s equity contains the
A. owner’s capital for the beginning of the period.
B. liabilities of the company.
C. total amount owed by credit customers.
D. balance in the cash account.

Question

The statement of owner’s equity contains the
  A. owner’s capital for the beginning of the period. 	
  B. liabilities of the company. 	
  C. total amount owed by credit customers. 	
  D. balance in the cash account.

anonymous · Answer

@amistre64

amistre64 · Answer

any ideas?

amistre64 · Answer

i dont recall liabilities and assets (cash) being part of the statement

amistre64 · Answer

beg RE
+ (forget what goes here)
 - dividends
-----------
     end RE

amistre64 · Answer

adjusted income, or gross profit or something like that.  its the amount of profit thats left over that you retain in the business and then subtract any withdrawls (dividends)

amistre64 · Answer

so nothing about assests or liabilities are on the statement.

anonymous · Answer

well i know its not "C" or "B"

anonymous · Answer

i was thinking "A"@amistre64

amistre64 · Answer

A is what I was leaning towards as well

anonymous · Answer

ok thank you !!!!:)