Which of the Following Amounts Appears on Both the Income

question 35

Multiple Choice

Which of the following amounts appears on both the income statement and statement of owner's equity?

• A) Ending capital
• B) Total revenues
• C) Net income
• D) Drawings

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Definitions:

Stacked Questions

A method of asking several questions at once, which can overwhelm respondents and potentially lead to unclear or biased answers.

Low Yield

An investment or venture that generates a relatively small return or profit compared to the effort, cost, or risk involved.

Unproductive

Not producing or able to produce large amounts of goods, services, or results.

Discrepancy

The difference or inconsistency between two or more elements, such as expectations and reality.