The Beginning Balance in the Owner,Capital Account of Cedar Technologies

question 27

True/False

The beginning balance in the Owner,Capital account of Cedar Technologies was $86,000.The revenues and expenses amounted to $55,000 and $43,000,respectively.During the year,the owner did not make any additional contributions or withdrawals.The balance of the Owner,Capital account will be $141,000 at the end of the year.

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Definitions:

Statement Of Cash Flows

A financial report that shows how changes in balance sheet accounts and income affect cash and cash equivalents, divided into operating, investing, and financing activities.

Operating Activities

Transactions and events that are directly related to the primary operations of a business, typically involving revenue and expense activities.

Investing Activities

Transactions involving the purchase or sale of long-term assets and other investments not considered cash equivalents, usually reflected in the cash flow statement of a company.

Cash Dividends

Payments made by a corporation to its shareholders, usually in the form of cash, out of its profits or reserves.