Discuss All of the Tools Available in the Comments Group

question 12

Essay

Discuss all of the tools available in the Comments group on the REVIEW tab for working with comments.

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Definitions:

Statement Of Owner's Equity

A report that summarizes the fluctuation in the equity of a business due to profits earned, dividends paid, and capital invested during a specific period.

Income Statement

A financial statement that shows the company's revenues and expenses over a specific period, culminating in the net income or loss for that period.

Statement Of Owner's Equity

A financial document showing the changes in the equity portion of a company's balance sheet, including investments by and distributions to owners.

Capital Balance

A term used to indicate the amount of funds in a company or an individual's capital account at a specific point in time.