The Ending Capital Balance Appears on Which of the Following

question 93

Multiple Choice

The ending capital balance appears on which of the following statement(s) ?

• A)Income Statement
• B)Statement of owner's equity and balance sheet
• C)Only on the Statement of owner's equity
• D)Statement of owner's equity and income statement

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Definitions:

Revenue Centre

A segment or area of a business responsible for generating sales and revenue, without direct responsibility for profit or cost.

Investment Centre

A business unit or division within an organization that is responsible for generating its own revenues and managing its own investments and expenses.

Profit Centre

A business unit or department within an organization that is responsible for generating its own revenue and profit.

Cost-Plus Transfer Price

A pricing method where the selling price of a product is determined by adding a specific markup to the product's cost.