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Steps for Statement of Changes in Owner's Equity

Place the parts of the Statement of Changes in Owner's Equity in the correct order.

Parts of the Statement of Changes in Owner's Equity:

  • Less Withdrawals by Owner
  • Beginning Capital
  • Ending Capital
  • Add Net Income and any investments by owner

Answers:

  1. Beginning Capital

  2. Add Net Income and any investments by owner

  3. Less Withdrawals by Owner
  4. Ending Capital