Which of the Following Financial Statements Shows the Changes in Owner's

question 78

Multiple Choice

Which of the following financial statements shows the changes in owner's capital during a period of time?

• A)income statement
• B)statement of owner's equity
• C)statement of cash flows
• D)balance sheet

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Definitions:

Nominal

Pertaining to data classification where categories are named in an unordered manner, used for qualitative, non-numerical information.

Level Of Measurement

The nature of information within data, including nominal, ordinal, interval, and ratio categories, reflecting the degree of quantitative information they hold.

Learning Management System

A software application for the administration, documentation, tracking, reporting, and delivery of educational courses, training programs, or learning and development programs.

Software Application

A program or suite of programs designed to perform a specific task or solve specific problems for users.