Owner's Equity, in a Proprietorship, at the End of the Period

question 1

Multiple Choice

Owner's equity, in a proprietorship, at the end of the period is equal to

• A) owner's capital at the beginning of the period plus profit minus liabilities.
• B) owner's capital at the beginning of the period plus profit minus drawings.
• C) profit.
• D) assets plus liabilities.

---

Definitions:

Product Modification

The process of altering an existing product's features, quality, or performance to increase its value, appeal, or utility to consumers.

Sleep Wellness Provider

A service or entity that offers solutions and strategies for improving quality of sleep, often incorporating both products and advice.

Repositioning

The strategy of changing the marketing mix or perception of a product or brand among consumers to target a new market or segment.

Market Modification

The process of altering market strategies, such as product features or marketing mix elements, to adapt to changing consumer demands or to enter new markets.