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The Financial Statement That Shows the Beginning Balance of Owner's

Question 151

Multiple Choice

The financial statement that shows the beginning balance of owner's equity;the changes in equity that resulted from new investments by the owner,net income (or net loss) ;withdrawals;and the ending balance,is the:


A) Statement of financial position.
B) Statement of cash flows.
C) Balance sheet.
D) Income statement.
E) Statement of owner's equity.

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