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Lucy has volunteered at the local crisis center. While she is performing as a volunteer, she is given permission to gather data on the number of women who report being abused, and the number of women who later participate in counseling. Lucy is using __________ as a method of gathering data.
M. Sims Capital
An account representing the owner’s equity or the funds contributed by and belonging to the owner of a company.
Income Summary
An account used in the closing process that aggregates all income and expense accounts to determine the net profit or loss.
Net Income
The total profit of a business after all expenses and taxes have been deducted from total revenue.
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