The Statement Of Owners Equity Is Calculated As Follows

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If liabilities are $4,000 and owner 's equity is $15,000, assets are. $19,000. The income statement shows. the results of operations for a period of time. The Statement of Owner 's Equity is calculated as follows: beginning capital + net income - withdrawals + additional investments = ending capital. For statements prepared on .Income Statement. Net Income = Total Revenues - Total Expenses. Statement of Owner 's Equity. Capital = Investments by Owner + Net Income - Withdrawals by Owner or Net Losses Statement of cash flows. Identifies cash inflows receipts and cash outflows payments over a period of time. ACCOUNTING EQUATION..Statement of Owner 's Equity. The statement of owner 's equity portrays changes in the capital balance of a business over a reporting period. The concept is usually applied to a sole proprietorship, where income earned during the period is added to the beginning capital balance and owner draws are subtracted..Which Fnancial statement is a representation of the accounting equation? A. Income Statement B. Statement of Owner 's Equity C. Balance Sheet D. ProFt and Loss Statement 62. The Statement of Owner 's Equity is calculated as follows: A. beginning capital + net income - withdrawals + additional investments = ending .