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:

TANF

Temporary Assistance for Needy Families is a US federal program aimed at aiding families in need to become self-sufficient.

SNAP

The Supplemental Nutrition Assistance Program, a federal aid program providing food-purchasing assistance for low- and no-income people in the U.S.

Income Mobility

The extent to which individuals or households can move up or down the income distribution ladder within a society over time.

Wealth Inequality

The unequal distribution of assets among a population.