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Which of the following would be filed first?
Capital Account
An account showing the net worth of a business at a specific point, accounting for assets minus liabilities.
Statement of Owner's Equity
A financial document that summarizes the changes in the equity of a company over a period, including investments, withdrawals, and the net income or loss.
Income Statement
A financial report summarizing the revenues, costs, and expenses incurred during a specific period, typically a fiscal quarter or year.
Revenues
Revenue earned by a company primarily through its sales of products and services to buyers, as part of its regular operations.
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