Which of the Following Appears on Both the Income Statement

question 159

Multiple Choice

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

• A)Ending owner's capital
• B)Total revenues
• C)Net income
• D)Owner's withdrawals

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Definitions:

Runout Tolerances

Specifies the limits within which the variation of a surface's location and the feature's circularity must be contained as it rotates around a datum axis.

Datum Feature

A physical feature of a part that acts as a reference for measurement and geometry during machining or inspection processes.

RFS

Requirement for the feature size; a specification in geometric tolerancing where size is a factor.

Runout Tolerance

A type of geometric tolerance that controls the variation of a feature's surface as it rotates about a datum axis.