Which of the Following Amounts Appears on Both the Income

question 137

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)withdrawals

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Definitions:

Skills

The ability to do something well, often acquired through training or experience.

Confidence

A feeling or belief in one's abilities, qualities, and judgment.

Collaborative Partnerships

Cooperative relationships between individuals or organizations aimed at achieving shared goals through working together.

Component

A part or element of a larger whole, especially part of a machine or system.